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Director MAG Solvics Private Limited
How do you see the Indian textile industry evolve in terms of technology by 2020?
The government is giving the much-needed encouragement and confidence to invest, expand and grow. The textile machinery industry size is also expected to double in the next seven years from the present ?22,000 crore. This, together with intense competition for space, is pushing manufacturers to invest in R&D for top class machinery which provides improved production and quality. The textiles industry is always in the forefront in accepting the latest technology from all fields, be it hardware, software, electronics or pneumatics. The quest for development is never ending and this will be the driving force in the coming years too. In testing field also, we are receiving many new concepts which we never thought of even a few years back. Technology together with automation will be driving the industry in the future. The doyens in the field with very vast experience are giving many new inputs. These inputs, when materialised, will definitely boost new automation and technology in the years to come.
Which are your major markets for testing equipments for fibre, yarn, fabric, and spinning systems?
Mag is very strong in both Indian and export markets. Our strong marketing team together with the strong instrument performance itself speaks of our pan-world presence. Our major markets are Bangladesh, Indonesia, Iran, Turkey, Vietnam, Egypt, Pakistan, European countries, Latin American countries and certain African countries, apart from India.
What are the key global trends in the textile testing domain?
Testing is done to confirm that the product is adhering to quality related standards. This helps the product gain recognition worldwide. The introduction of new and improved standards caters to the new regulations introduced by the governments on safety and quality of products. More and more players are coming up with exclusive testing laboratories on their own to adhere to international standards. The textile clusters which could not install their own labs due to costs are coming together and setting common labs for their testing needs. The stringent quality standards on health, environment and safety are forcing the industry to deliver the best and green product to the end customer.
What are the challenges hampering the growth in this niche?
The main challenge is to bring out good and innovative products at an affordable cost. Initially, it was thought that the testing is done only to fulfil the buyers' requirement and reporting. Slowly, the trend has changed and it has started to run in their blood. Now, everybody is looking for testing equipment. We need to do a lot of research to bring out products at viable prices. The grants from government for R&D activities must be properly utilised for developing solutions to the testing needs with international standards. We at Mag have tied up with many institutions and research organisations for developing testing equipment and hope to deliver new products in the months to come.
What kind of technologies and solutions do you plan to introduce in the near future?
Recently, we introduced an online spindle monitoring system 'SPinFO' for spinning mills. The response for this product has been tremendous and this has triggered us to introduce more innovative products. We are launching modified versions of our existing products and some of the new products are under development, which we plan to introduce during the forthcoming expos.
Please share details of the last two fiscal years and your expectation for the next two.
We have done well in the past and have improved in the last two years. I hope we will keep the same momentum for this year too. We feel that the new products launched recently and the products planned for launch this year will deliver us with increased volumes for the next two years.
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