Bharat Fritz Werner (BFW), India’s largest machine tool builder, proudly exhibited its various textile machineries and material handling components at IMTEX 2015. Ravi Raghavan, CEO, BFW, disclosed,“Our major initiative is in technologies that is made available at optimal costs, and at the same time meets global expectations.” In an official statement, Raghavan wrote: “As per a recent FICCI estimate, India’s GDP is expected to grow at 5.6% during 2014-15. The industrial sector is expected to grow by 4.7% in 2014-15 fiscal. The economic activity is expected to continue with the current momentum till March 2015 as per the estimate. While the numbers are modest, the scenario is definitely positive.”
At the macro-level, 2013-14 was a year of many initiatives for BFW, he held. “Some, such as reduction in wasteful expenditure and increase in productivity, have already started yielding results. Many more, such as greater thrust on R&D, assimilation of latest world-class technology, increased quality consciousness, and process improvement have started leaving their impact from this year,” Raghavan continued.
AK Kothari, chairman, BFW, concluded by saying, “At BFW we try to learn from superior technologies and then implement them. We have cultured the art of listening and imbibing what we listen, and putting the same into practice, and that’s what has been going on at BFW. This sets us apart making us all the more successful”.
At IMTEX, TR Parasuraman, deputy managing director, Kirloskar Toyota Textile Machinery, one of BFW’s satisfied clients, said, “It is all about how we bring value to our customers. And one way of doing it is by value adding to out clients and thinking ahead of what the customer thinks.”