LMW
LMW

Do you want to advertise here? Contact us

Thriam
Thriam

Do you want to advertise here? Contact us

OEM Update
.

LMW – Striving for Value Addition

By September 13, 2010 9:22 am IST

LMW – Striving for Value Addition
 
“We are the largest Ring Frame manufacturers in the World and today out of the 41 million installed spindles in India about 29 million spindles have been supplied by LMW, and in this process the Indian spinners have become most competitive in the global yarn market”, says R Rajendran, Chief Financial Officer, Lakshmi Machine Works Ltd.
 
Lakshmi Machine Works is one of the leaders in Textile Machinery Manufacturing. What is your opinion about the Textile Machinery manufacturing industry in India?
The Textile Machinery Manufacturing Industry in India has established its position in the domestic and global markets. The industry manufactures the entire range of spinning machinery with the latest technology coupled with quality and cost had made an indelible mark in the spinning industry. In order to take advantage of cost benefit and also to exploit the market all multinational companies are establishing their manufacturing base in India.
 
You are a global player in spinning machinery segment. How mature is this segment in India, today?
The Spinning Industry has grown with more than 40million spindles installed in India. The Indian spinners are highly competitive on account of their efficient performance and capacity utilization. Apart meeting the domestic demand, this industry has considerable market share in yarn trade in the global market. This clearly reflects the contribution by the domestic machinery manufacturer by supplying cost effective quality conscious and technologically latest generation machines.
 
What is the total market size of this segment and what is your share?
Currently the total Installed spindles is around 41milloin. Our market share ranges around 70%.
 
Do you wish to mention the major road blocks in the growth of this niche industry segment?
For Spinning Industry the major road blocks are: Availability of Power, Manpower and low cost funds.
 
For Textile Machinery Industry the road blocks are: Rationalization of Taxes and Duties, Raw Material Costs, Reduction in transaction cost and trained man power.
 
The Textile Ministry intends to spend $500 billion on the infrastructure sector in the current five year plan ending 2012. Is it helping textile machinery manufacturing and spinning machinery industry to grow?
Yes, we are optimistic that the infrastructure spend will enable both the industries to grow further. Focussed initiatives under the spend programme will ensure good quality products reaching out to both the domestic and export market. This would mean increased activity for Textile Machinery manufacturers. Infact, the Textile Ministry among other things, is also looking at specialized textiles and design clusters with an aim to move India up the value chain besides focusing on new markets. Textile products with the GI tag will definitely benefit for considerable share in the global market 
 

Advertising

OEM Android App

Your future advertising space? Our media data

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags:
Webinar
Webinar

Do you want to advertise here? Contact us

TruCut
TruCut
OEM Update QR Code
OEM Update QR Code

Events

Hannover Messe 2025
Hannover Messe 2025
Diemex
Diemex
Metal Forming Expo
Metal Forming Expo
ChemProTech India 2025
ChemProTech India 2025
Aerodef India Manufacturing Expo
Aerodef India Manufacturing Expo
Blech India
Blech India
Wiretech 2025
Wiretech 2025
India Manufacturing Show
India Manufacturing Show
Intralogistic & Warehousing Expo
Intralogistic & Warehousing Expo
Autocluster Exhibition Centre Pune
Autocluster Exhibition Centre Pune
India Fastener Show
India Fastener Show

eMagazine February 2025

eMagazine February 2025
eMagazine February 2025

Do you want to advertise here? Contact us

Our Sponsors

Cloos
Cloos
Carl Zeiss India
Carl Zeiss India
Nord
Nord
Atos Profilo
Atos Profilo
Maco-c
Maco-c
Weldfast
Weldfast
TEAL
TEAL
Mallcom
Mallcom
igus
igus
Vijay Gears Pvt Ltd
Vijay Gears Pvt Ltd
Studer
Studer
ENS Oils & Lubricants
ENS Oils & Lubricants
Super Slides
Super Slides
Ziehl Abegg
Ziehl Abegg
Dormer Tools India
Dormer Tools India
Profectus
Profectus
Silasers
Silasers
Ceratizit
Ceratizit
Universal Orbital
Universal Orbital
Chicago Pneumatic Tools
Chicago Pneumatic Tools
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Mennekes
Mennekes
TruCut
TruCut
LMW
LMW
Wrapp
Wrapp
Ugro
Ugro
Exorint
Exorint