Home / Knowledge / News / Textiles / 'India can produce 10 million tonnes of polyester by 2020'
'India can produce 10 million tonnes of polyester by 2020'
08
Dec '14
India is set for some spectacular growth in polyester production over the next 6 years, going up from just over 5 million tonnes to well over 10 million tonnes by 2020, according to Philips Gibbs, the group MD for PCI Xylenes and Polyesters, a global consulting firm for polyester and raw material markets.

In an exclusive interview with fibre2fashion, Philips Gibbs shared his ideas on how India has the capacity to grow in the polyester fibre market with its amazing set of parameters of its economic and demographic development, which should align and create favourable conditions for growth in both conventional and performance apparel, home textiles and a wide range of technical textiles, including nonwovens.

Philips said, “With the rising consumption rates domestically in fibres and in PET resin or film, India’s manmade textile and apparel industry is set to capture a realistic portion of the global export markets.”

He said, “Polyester is however still cheaper than cotton and indeed remains the most cost competitive fibre within the textile mix. In the longer term, cotton supply is not expected to keep pace with total demand growth in textiles. So this important natural fibre will again lose market share to polyester staple and filament.”

Phillips said, “An overall weakness is seen in the midstream textile weaving and knitting sectors. The quality of textiles finishing also needs attention even though there are some very skilled companies in operation.”

“Textile and apparel producers should recognise the massive trade opportunities which come their way because China is increasingly concentrating on meeting the domestic demand and in doing so upgrading and adapting its domestic textile systems for local use. In reality, India should be able to coordinate its manmade textile sector far better. Its industry should seek guidance from the current strategies of its Asian neighbours like Taiwan, Korea and China,” he suggests. (GK)

Click here to read the complete interview.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search