Production of PSF & PFY expected to grow in 2008-09

25 Jul '08

1 min read

The Centre for Monitoring Indian Economy (CMIE) has recently stated in its monthly report that the production of polyester staple fibre (PSF) in the country is anticipated to grow by 13 percent in 2008-09.

In this ongoing fiscal, PSF production witnessed a growth of about 11.1 percent, in addition to a growth of 26 percent registered in 2006-07.

The Centre is hopeful that a similar or rather a greater growth level in PSF production will continue in the upcoming year as well because being the cheapest among all the synthetic yarns, PSF is widely preferred in the textile industry.

Moreover, the Polyester filament yarn (PSY) production also experienced a growth of nearly 11.8 percent during 2007-08 over and above the growth of 18.3 percent recorded in 2006-07. CMIE is expecting a growth of 12.5 percent in the period 2008-09.

Besides, the demand for viscose staple fibre (VSF), which is a close substitute of cotton, has also multiplied in the past few years. In 2007-08, its production registered a growth of 13.4 percent from 7.8 percent recorded in the year before. CMIE believes that even VSF production would grow by around 16 percent next year.

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