India less affected by downturn – VP, Dornier Machinery

2008-09 turned out as a tough year for Indian textile industry. Textile machinery companies faced either slowdown in demand or negative demand scenario due to the adversely affected global economy, which trapped the textile industry too. Sales of almost all companies registered slump and some experienced almost 40-50 percent reduction in demand which led to a 30 percent drop in machinery production in India.

Fibre2fashion took the opportunity to speak to Mr. Nitin Bavkar, Vice-President, Dornier Machinery India Pvt. Ltd. In turn he shared his views on recessionary scenario in Indian textile industry and possible recovery from this downturn. Dornier Machinery is a manufacturer of different types of textile machines like weaving machine, rapier weaving machine, air-jet weaving machine, film stretching machines, dryers and textile finishing machines.

According to Mr. Bavkar, India was comparatively less affected by downturn in demand than its counterparts in other countries and due to that Dornier India branch was comparatively less affected by recession, since they are not so much dependant on exports, although, during the tough period, exports from the Indian branch were a bit low, but domestic demand was not affected much.

Mr. Bavkar is quite optimistic about recovery in Indian market and said, “Things are certainly improving in domestic market and especially in weaving segment as the industry has started showing positive signs in investment from terry towel and denim manufactures and this may in turn bring encouraging scenario for weaving sector and weaving machinery manufacturers”.

While trying to elucidate his views on competitiveness of Indian made weaving machinery to its foreign equivalent and willingness of Indian market to invest in comparatively high priced machines Mr. Bavkar said, “Undoubtedly foreign weaving machine manufactures are better placed technologically.

Speed provided by foreign machines is still not offered by our manufacturers as the foreign companies invest a good amount in R&D, which is still not a trend in Indian manufacturing firms. Secondly Indian manufactures have limited manufacturing capacities and they don't manufacture in bulk”, he said.

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Posted in: Advanced Textile Machinery,Indian Textile Industry