Rabatex expects 20-22% CAGR growth for the next 10 years
Rabatex is the first Indian company to introduce a complete sampling solution for the textile industry.
Rabatex Industries Pvt Ltd – which was presented with the most prestigious technology award of India ITME Society in weaving category – showcased its R&D capabilities and innovative products in warp preparatory, fabric sampling solution and material handling & storage equipment segments at ITME 2022. Rabatex is also the first Indian company to introduce a complete sampling solution for the textile industry. “Today, we are one of the leading manufacturers of sectional warping machines. Besides, we offer value-added products like complete fabric sampling solutions, material handling solutions, automatic storage and retrieval systems (ASRS), etc. We have more than 65 per cent share in the domestic market and export to more than 36 countries,” informed Haresh Panchal, Director, Rabatex Industries Pvt Ltd.
Speaking about the sampling machine market, he said, “We are displaying at ITME, small width sample weaving machine which are used by garment manufacturers (small as well as big) because they require this machine to make sample product to test market before garment makers start large-scale production. We have been developing this product for the last three years, as Indian customers had to depend on imported machine. With the launch of our machine, we have been able to capture a sizeable share in the market (Indian as well as overseas).”
Rabatex emphasis on continuous innovation and indigenous technology development has helped it achieve a leadership position in the market. “All products of Rabatex are Industry 4.0, which helps our customers to increase their productivity as they can take critical decisions with respect to maintenance, production, quality, etc. At present, our focus is on developing innovative products in the automatic storage and retrieval systems segment,” commented Haresh Panchal.
The Government of India (GoI) is aiming to increase India’s GPD to $ 5 trillion in the next 5-6 years. Recognising the importance of textiles, GoI has taken various measures like PLI scheme, incentives for technical textiles, etc to promote the industry. He added, “Every industry will have to grow multifold for India to emerge as a $5-trillion economy. At present, Indian textile industry is dominated by apparels segment. However, huge investments are coming in technical textiles in the next 10 years. We see big opportunity in this segment as the government initiatives will help the industry to achieve the goal of our Prime Minister to make India a $ 5-trillion economy. We work very closely with technical textile projects as we have expertise in application area.”
Speaking about export opportunities and growth plans, Haresh Panchal said, “Last year, exports contributed 26 per cent to our turnover. This year, we are targeting 38 per cent of revenues to come from overseas markets. In the long run, we expect exports to contribute 50 per cent to our business. We are working on our expansion plans for the future. Rabatex aims to become a global player in terms of innovative products and we expect 20-22 per cent CAGR growth for the next 10 years.”
