Polyester is not going away from India any time soon, especially in the context of it being the fibre that is seen as the one answer that the country has to overtake China in the textiles-apparel business. This was reinforced when Reliance Industries Limited, the country’s biggest textiles player, announced the company plans to invest ₹750 billion (roughly $9.41) in its oil-to-chemical (O2C) business over the next five years to expand capacities in polyester and vinyl verticals. A texfash.com analysis.
