For over five decades, Voltas has been at the service of India’s textile industry. The company has been focused on continuously adding value by offering technology solutions in just about every textile segment. There is a constant focus on enhancing the customer’s yield on his investment, as well as the globally competitive quality of his output.
If there is one thing that stands out in Voltas, it’s their penchant for identifying, nurturing and developing win-win business relationships. This then lies at the core of Voltas’ proud and long standing 50 year plus relationship with principal partner Lakshmi Machine Works. A sales and service partnership that has grown over the years, securing an enviable market share of over 60% in spinning, despite the onslaught of multinational competition. Voltas is proud to represent as many as 20 principals offering end to end products and solutions across the spectrum of spinning and post-spinning needs. Trusted by over 3,500 end customers, Voltas continues to gain ground in frontline technologies such as compact spinning and digital printing.
In a recent interview, Mr. C. Kamatchisundaram, Vice President - Textile Machinery Division, Voltas Ltd., spoke in detail on the industry scenario and the company’s commitment to the textile industry.
Excerpts:
It continues to be a challenging year for the spinning industry. What are your views on the performance during the year so far?
Yarn export has been a major driver of market sentiments in the spinning industry for the last few years. It is obvious that the sentiments would be down when there is a slowdown in exports and the volatility of the raw material prices added to the difficulties. Yes, it has been a challenging year for the industry from the perspective of operations. However, the spinning industry had gone through such cycles in the past and sprang back strongly which we are sure would happen this time too. Further, the long-term potential is still quite strong and accordingly the investments in green field or brown field projects continued in the current year also at the same rate as previous years.
How has the year been for Voltas? Which are the segments that have been performing well this year?
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