Vardhman Textiles Limited CC-Sep23.pdf · 2023-11-03
Definitely if you look at the world consumption the MMS is much higher than the cotton so it is almost 70% in favor of manmade, 30% cotton whereas the Indian situation is reverse of that we 30% MMS, 70% cotton. We are finding even for the Indian brands or outside whoever are buying 100% cotton I think definitely improvement or there is definitely demand for these blended yarns whether it is mixed with the viscous based or it is mixed with the polyester based. So definitely we have gear ed up ourselves for the demand for the bl end increases. On the spinning side we do not have any issues and we have created those capacities and depending upon because the spindles are almost same , it is formation changes in the preparatory which are required to do the change. So to that extent a t Vardhman there is no challenge to us and we can increase whatever is the blended capacity which comes in or even 100% synthetic manmade fibers are concerned on the spinning side. On the fabric side also I think we are we are definitely improving already have a good experience of blended as well as the manmade fiber production so as far as the blended fabric is c oncerned, not much of a challenge but on 100% manmade definitely there are some companies, some technologi es which specialize on the manmade side. So since as of now there is not really much of demand, but at the same time going forward there could be a possibility. So we started evaluating th ose difference where in case we have to look at 100% manmade based fabrics how do we go on th at? So we are studying it from the revaluation and maybe as the demand grows all studies should be completed. Our experiment should be okay and maybe by the time we find the actual demand start coming in, we will definitely add tho se equipments which can help us in processing the manmade based fabrics more efficiently . We can do it today also on the cotton line . There is absolutely no concern or issue, but I think going forward if 100% manmade increases, we can be equipped ourselves. There is no really a very big time required for the same s o to that extent we have already starting working in evaluating those technologies.
I mean of course you mentioned that the first focus was how to utilize the full capacity . The moment you start utilizing full capacity your cost starts coming down. I think we focus as more and more brands are coming to India, people are talking about China plus one so all these brands which comes in, they require a very different service level where they will be requiring different kinds of fabrics and they will be definitely requiring more mix of manmade based products also. So getting to all those change management something they require, all the kind of special orders they require , all the sustainability information and data they require because a ll these brands which comes to India will definitely start looking at better managed compan y for them to go to very, very small companies for every product it would not be possible s o both on the fabric side as well as on the spinning side, they are finding whichever bran ds wants to come, they want to look at one or two sources only where they can depend more on that. Once they start coming in, their requirement of sustainability, equality, different products, different service lines, it is a different ball game altogether for every brand. I think as of now the entire energy is going in whenever these customers are coming in how do we cater to them, how to we understand them, how do we create business model with them. We have to start supplying them products because a lot of these products are today being imported from China. China has manmade products, they are on the blended based products and those are the challenges where the organization is looking at and once these brands are here for longer period of t ime I am sure this will give us lot of opportunity for growth as well.