Your Group Companies have been catering both Domestic and International textile markets. What is your market experience for both? Internationally, which are strong markets for your line of operations?
We cater to both domestic as well as international textile markets. Each market has its own dynamics and it depends on how well are prepared to serve your customers. Nevertheless, dollar-rupee fluctuations have impacted profitability of operations of all companies like us.
We serve many global customers spread across the continents. In today’s global village concept, we are there where customers exist as to draw a line of demarcation based on country or region specific market does not exist.
What is larger picture of current textile industry in global context? For Indian textile players, what challenges lies in the path of growth?
The global market for textile products is very promising. For instance, the world trade in textile and clothing has increased from USD 356 billion in 2000 to USD 530 billion in 2006 at a CAGR of 6.86%. It is widely expected to reach USD 700 billion by 2012 at a CAGR of 5.6%.
Major challenges to Indian textile players include protectionist policies of many foreign governments in the form of anti-dumping, anti-subsidy, countervailing duties, etc. also, intricate rules of origin and increasing number of preferential trade agreements could vitiate trading environment. The prospects of stiffer competition from other exporters must also be taken into account.
Talking particularly about yarn market world over, what movements & trends have you noticed in recent times? What is your market share in this sector?
Market for cotton yarn continues to be one of the largest and it is still growing. Moreover, Indian exports of man-made fibres have immense potential in international markets. We produce and market cotton and synthetic yarns in the ratio of 65:35 and enjoy significant share in both established and emerging markets.
Organic Cotton market is on full swing. What are your comments on this?
Organic cotton market is fast growing and demands are increasing. We have also been putting thrust in this direction.
How about your environmental plans and CSR ambitions? How far they stand up to scrutiny?
We have been involved in many social activities since we believe that an effective corporate social responsibility starts and ends with appropriate social performance of a company. We are associated with Shri Chiranjilal Choudhary Charitable Trust which has established a high school in village Mandasi, Distt. Jhunjhunu (Rajasthan) with the objective of educating children of poor villagers. Recently, government of Rajasthan has taken over the charge of the school. However, Shri Chiranjilal Choudhary Charitable Trust continues to provide furniture, school dress, books & note books, snacks, school fees (reimbursement), etc. for all children.
As a Company, we are also associated with schools in Baramati (Maharashtra) and Pithampur (Indore) which provides highly subsidized and quality education to the children of the wards. The school is a boon for students as the location itself is remotely situated.
We sincerely believe that social responsibility is a humane side of the companies and commitment from the management and employees’ ensures its success.
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.