Bombay Dyeing, a name synonymous with quality and innovation in the textile industry, continues to make strides in maintaining its market dominance and adapting to ever-changing industry dynamics. In an exclusive interview, Rajnesh Datt, Chief Operating Officer, shares insights into the company’s sustained growth, dedication to its customers, and the future of the textile industry in India.
TEXFAIR 2024
Bombay Dyeing has been a longstanding participant at SIMA TEXFAIR, viewing it as vital platform for networking and showcasing their innovations. “We have been participating at TEXFAIR for a long time, and every time it has been a pleasure. The footfall, the importance of the fair, the number of people that have visited, and the new things that have been discussed have all grown every time,” Mr. Datt remarked. “We will continue to participate forever and ever.”
The southern market has been crucial for Bombay Dyeing, often driving the company’s production. “South is our main market for decades. At times, the whole of Bombay Dyeing’s plant runs on the south market alone. Even today, a significant percentage of our plant’s production is dedicated to the south,” Datt explained. This consistency in production and dedication to the market has cemented Bombay Dyeing’s relationship with its customers.
A Year of Challenges and Resilience
Despite facing a challenging year, Bombay Dyeing’s consistent performance and financial stability have kept the company afloat. “Volume-wise, there was no issue, but margins were tough. However, Bombay Dyeing is probably the only company in the world with zero debt. We have no bank interest to pay and work on a cash basis, allowing us to manage better,” Datt stated. The company saw improvement in the first quarter, thanks to rising raw material prices and stabilizing global conditions.
Innovation & Product Development
Bombay Dyeing prides itself on its focus on new product development, steering clear of industry crowding. “We like to focus on new product development, benefiting both our marketing and customers,” Datt said. The company has developed optically white and black products, along with unique micro and super micro products, showcasing its commitment to innovation.
Bombay Dyeing strongly supports government policies and sustainability initiatives. “The extension of the RoDTEP benefit to those importing raw materials and exporting finished goods has been a very good step,” Datt noted. The company is also investing significantly in renewable energy, reflecting its commitment to sustainable growth.
Future Expectations
Mr. Datt is optimistic about the future of the textile industry in India, driven by a young population and increasing purchasing power. “The textile industry in India has a very good future. The focus should be on quality and lower energy costs to win the game,” he emphasized. While large-scale expansions may not be feasible due to environmental concerns, steady growth is anticipated.
Bombay Dyeing maintains a robust global presence, with exports accounting for a significant portion of its production. “We export to Europe, the USA, Mexico, Latin America, Africa, and the Middle East. Europe and the USA are particularly important markets for us,” Datt highlighted.
Recycling and Sustainability
Bombay Dyeing is exploring various avenues for recycling textiles, supporting sustainable practices. “We strongly support the recycling of fabric. Textile recycling does not involve much pollution and can be used for products like carpets and bed sheets,” Datt explained. The company is actively seeking alternatives to contribute to a more sustainable textile industry.
Bombay Dyeing’s unwavering commitment to innovation, sustainability, and customer satisfaction positions it well for future growth. As Mr. Datt concluded, “The textile industry will continue to thrive, driven by increasing purchasing power and the ability to recycle. With our focus on quality and innovation, Bombay Dyeing is set to remain a leader in the industry.”
