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The Textile Magazine
August 2012
Asked about the outlook for the Indian textile
industry, Mr. Luc Tack said: “The outlook for the
Indian textile industry is very good. In the next 10
years, we expect 500 million people worldwide to
come out of poverty and this will drive demand
in the textile industry particularly for markets like
India which can capture a part of this potential. Also
the growing domestic market and equal growth in
exports will benefit the Indian textile industry. I
am very bullish on the Indian textile industry in the
long term”.
Mr. Kasiviswanathan observed: “The Indian
Government is providing a lot of encouragement for
the upgradation of the weaving sector. For the first
time, in 2012, the customs duties have been com-
pletely removed for weaving machines without any
export obligation. Also under TUFS there is 10%
capital subsidy. The potential for weaving machines
is huge as the Government is encouraging the weav-
ing segment even in the decentralized markets like
Bhiwandi and Ichalkaranji to go for technology
upgradation. India is in the best position for taking
the lead in the weaving segment”.
Despite the slowdown in global economy and the
Eurozone crisis, Picanol continues to do well. The
global market for textile industry and in particular for
weaving machines is not so strong at the moment, but
Picanol has been outperforming in such a scenario. In
fact, the company has recently announced hiring of
people at its Ypres facility to support the increase in
production due to good order intake from many global
markets. The new OmniplusSummum range launched
at ITMA in 2011 has been very successful. India is the
second largest market for Picanol, next only to China.
The new Indian headquarters of Picanol is not just
a corporate office. It has a fully equipped electronic
PCB repair shop with experienced service engineers.
The repair shop takes care of the requirement of the
customers across India. “Our print repair Centre is
fully equipped to handle the prints of even 25 year old
looms supplied in India. The responsibility to provide
service and technical support rests on Picanol India”,
Mr. Didier Reynders, Deputy Prime Minister of Belgium and
Minister of Foreign Affairs, inaugurating the new facility
cover story
Mr. Frederic Dryhoel,
Corporate Communications Manager, Picanol