Synthetics to play crucial role in future and can boost Make in India programme

摘要

FICCI and management consulting firm Wazir Advisors have said that investment in man-made fibre based industry is an attractive proposition for the Make in India programme. The call came at FICCI's 7th annual conference on textile and apparel industry 'TAG 2015' on the theme 'Beyond cotton: Developing Excellence in MMF based textiles' in Mumbai. Manoj Patodia, Member, FICCI, in his welcome speech outlined that the share of polyester fibre in Textile and Apparel industry has gradually increased in the recent years from 34 per cent in 2000 to 38 per cent in 2014. This pattern is expected to remain in growth phase as an alternate to cotton. "FICCI has already sent its representation to Government of India for promoting consumption of man-made fibers to reduce the huge gap between man-made fibres and cotton," Patodia said.