by- Sudharsana Raju
Chennai: Mumbai based Bezz Enterprises is in the production of spinning rings for more than 4 decades in India. They majorly focusing on companies that are in yawn-spining. Their key idea is to bring innovation and ideas in spinning rings at affordable rates. B Murali Mohan, Founder of Bezz Enterprises spoke on why refurbished rings are a boon for small companies at this economic slowdown.
Speaking on the same, Murali Mohan said, “While the original cost of the ring from a manufacturer costs around INR 180, we can provide a refurbished product at the rate starting from INR 60 which can be the best alternative for companies wanting a replacement of faulty machines and want their productivity not to suffer”
According to him, the market size is huge in India with close to 5 Thousand spindles across the country which is equivalent to 4 to 5 cores of rings. The average life of spring rings are around 5 years, while the synthetic spring ring can be used around 3 years on an average. “India is in a though phase because we are producing rings and selling it to China. There is also competition from Vietnam producing yawn at a rate lesser than India, a major challenge faced by India.”, he said.
“Currently the spinning mills have to replace the rings for every 5 years for better productivity. A hard chrome plating plot is the major unit of the refurbishing process. In India, hard chrome plating process is vital, thanks to the wide market we have. The key markets for refurbished rings are in Maharashtra, Punjab, Rajasthan, Gujarat, and Andhra Pradesh”, he says.
Speaking on the advantages of refurbished rings, he says, that for the long terms use, cheap-cost of rings will be the key element in the coming days. “ Speaking on the merits of his product, he said, better productivity is the major element of my rings. We believe small-medium textile companies which are going through challenging times should adoptive cost-saving measures to avoid a further loss”, he says.
On suggestions for small companies, in terms of technology, he feels that modernisation and development is the only way that makes the textile industry to develop to the next level. “We are in the firm belief that the textiles miles and small industry players should adopt latest technologies development only way to make success. The companies which refrained from adopting technologies had lost in this negative wave textile sector is going through”, he concluded.