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New Delhi-based Jogindra Industries Private Limited provides an assortment of textile dyeing and processing machines. Harmeet Singh, Director- Sales & Marketing, Jogindra Industries talks about automation and the GST impact on the Indian textile dyeing sector.
How do you see the Indian textiles industry evolve in terms of technology by 2020?
We can see that acceptance of digital technology is growing day by day. Technology has become an inevitable part of consumers' lifestyles. The increasing access to the internet at a more-affordable cost and the higher penetration of digital devices have influenced consumer buying patterns substantially. Today's consumer has a very clear mindset of buying latest technology. We at Jogson also push people to go for high-end models of machineries because automation makes a lot of things easier, which won't be possible manually. [All products are manufactured exclusively under the name of Jogson.] So, the textiles industry has a lot of potential, and manufacturers including us are strongly working on technology to introduce machines and products equipped with latest technologies.
What is the rate at which your company is growing? What is the target set for the next two?
In the last two fiscal years, the graph of growth has been increasing with each passing day. Post-ITME 2016, we have many big projects. In the next two years, we hope to reach new heights.
Which are your major markets for tubular dyeing machines?
Our major markets for tubular dyeing machines are in the northern and southern regions in India. Internationally, Europe, Bangladesh, Sri Lanka and Vietnam are the areas where there is high demand for our tubular dyeing machines.
How do you think the GST will impact the textiles industry, and also your business?
It is going to affect the textiles industry, as the announced GST rate is way different than the existing tax rates. So, by all means, the end-user is going to get affected as the cost of finished products will be on the higher side. As per my understanding, small-scale industrialists who currently are not running their industries under excise will be highly affected due to a major change in the tax rates. Regarding impact on our business, it will be a bit bad initially. A small investor who plans to set up a dyeing or process unit will have to think several times before investing considering the announced rates of tax, but obviously that impact won't be a major one for us.
What are the latest innovations happening in the textile dyeing niche? Are dyeing units in India adapting modern machines? How sustainable is the Indian textile processing industry?
We at Jogson are on the verge of introducing a new variant of our machine, which will save up to 30 per cent energy and dyestuff. All major innovations are always to reduce the process cost because once the buyer gets to know that by using such a product they can increase their profit by reducing the process cost, they will straight away invest in your product without any second thought. And yes, dyeing units in India are adapting modern machines. As mentioned before, customers today come with a thought of buying a feature-rich machine with maximum automation to reduce human dependency.
What is the annual R&D budget at Jogson?
The experienced R&D team at Jogson is always experimenting with new things in dyeing and processing machines. We follow a rule of allocating 8-10 per cent of the sales of the previous year towards R&D.
Published on: 04/10/2017
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