To focus on non-apparel segment of the user industry, R&D alliances
Oil and petrochemicals major Reliance Industries (RIL) is still betting big on polyester. It is focusing on the non-apparel segment of the user industry (minuscule compared with that in developed countries) and cutting-edge research, in association with US polyester giant DuPont and leading research institutes.
With demand for polyester expected to surge, Reliance is also working on a closely-guarded plan to expand production capacity.
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Domestic capacity, which will top 1.3 million tonne this year and has been growing at a compound annual growth rate of 34 per cent in the last 10 years, could be raised further. Reliance could also acquire capacity overseas.
Subodh Sapra, president, polyester group, at Reliance Industries guardedly said: