October 1, 2017
In India since 25 years (since 1995)
1500 employees in India represent 30 per cent of Rieter’s global workforce
Sales Rieter Group in India accounted for 19 per cent of the sales - 182.1 million CHF
India’s growing population will have growing need for quality textiles
Rieter, the world’s leading producer of textile machinery has been a driving force in the field of industrial development since 1795. The company’s headquarters in Winterthur, Switzerland, has been a center for the development and manufacture of machinery required to spin natural and manmade fibers into yarn.
Rieter India was established in 1995. Today, it is a recognised leader in the business of manufacturing and supplying entire spinning systems from a single source. Rieter has a 1,500 strong workforce in India presently, representing 30 per cent of the company’s total staff. Sales Rieter Group in India accounted for sales worth CHF182.1 million – a healthy 19 per cent of the company’s worldwide sales.
While Rieter’s main manufacturing center is located in Wing, – Satara, the centers that provide technical support, sales, and service are located in Coimbatore, Chandigarh, Bhilwara and Guntur. A specialised electronic service station in Coimbatore, ensures that value-added services are provided promptly to users of Rieter’s electronic components and modules. The company brings international standards of quality, production and service to the Indian market.
Rieter views India as a promising market that is in the process of tremendous revitalisation. Competing for the position of being the world’s most populated country, India’s domestic potential for textiles is immense. With the expected increase in domestic demand for textiles, India will certainly be a huge market for production and sales. Recognising this, Rieter plans to expand operations in India.
Rieter also sees India as an ideal destination for sourcing material. The most recent reforms in the Indian economy, such as demonetisation and the introduction of the Goods and Service Tax have the potential to bring under access a hitherto difficult-to- access unorganised supplier base. This will spur growth in the market for textiles, and also create a spurt in the rate of production of components required to enhance production. Such large-scale increase in production requires a highly skilled workforce, which is something India will be able to provide.
With regards synergies between India and Switzerland, the company sees potential for several new developments. Relindis Wieser, Head Group Communications is excited about “ the potential expansions in the market, and the large workforce within the country that is well-qualified and is especially skilled in the fields of engineering and software development”.