The disruption caused by COVID has created an opportunity for the global textile industry by forcing the largest consumer markets to adopt a 'China+1' policy. Now the Indian textile industry, after initial hiccups, seems to be placed very well to grab a large share of this opportunity. Additionally, after the government realized that Textile industry generates maximum employment for every rupee invested among all the industrial sectors, it has come out with excellent policies like PLI scheme & Mega Textile Park schemes which will further create a strong foundation for explosive growth in the entire Textile value chain.
Also, the focus of the government on GST rate rationalization across the value chain will provide a big push to the industry by freeing up huge amounts of working capital which will be reinvested in the supply chains. Alidhra Weavetech Group is a pioneering name in the Indian textile industry and owing to the innovative offerings, the company has been able to develop into a trend-setter in this segment.
With an increase in disposable incomes, the domestic consumers are demanding quality over quantity. This demand has forced the entire supply chain to focus on providing better value in terms of quality and cost. Acknowledging this, Weavetech has refocused its research & development effort to-wards developing solutions, which are customized for the Indian environment, that provide the best value in terms of quality, performance & costs across its entire product range. Owing to their passion for constant innovation, Weavetech has also been able to supply innovative & effective solutions backed by successful implementation that has encouraged many entrepreneurs in this industry to jointly develop solutions with them.
Talking more about what makes Weavetech different from the rest of the competition, Chintan Thumar, Director, Alidhra Weavetech Group adds, “We invest almost four percent of our revenue in Research & Development activities in creating new & improved solutions. This is way above the rest of the industry which stands at an average of barely one percent. Moreover, Weavetech’s focus on the process-chain, rather than specific products has created an experienced team of professionals who are able to offer solutions considering the Pre & Post processes of the customer.
This creates a trusted relationship that goes beyond just a sales process & provides a conducive relationship for long term growth. The founding team of Weavetech has given almost 30 years to this industry. A sharp & dedicated focus on Weaving Preparatory machineries, has created a culture that ignores the largely accepted standards, which were created for developed economies, & chooses to create its own solutions suitable for our environment targeted at our own pain points. This has allowed us to create some of the most effective solutions which has made our customers the most competitive players within the industry”.
Adding more about their evolution and future plans, Chintan says, “Today, Weavetech has customers in more than 12 different countries, including some of the world’s largest & most reputed producers in given segments. Weavetech is focused on playing its part in making the Indian textile industry globally competitive. With an excellent team of technocrats within this industry coupled with our dedicated R&D center, the industry can expect many more innovative solutions which would help in making the Indian industry globally more competitive. We have also recently setup a dedicated R&D center where entrepreneurs & technocrats from the industry are encouraged to bring problems for discussion & figure out innovative solutions for the same. Our team & facilities are open to the entire industry to evaluate their innovative ideas & bring them to life”.
