India: Man-made fiber demand will increase to 100,000 tons/month
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He said that the current demand for man-made fibers in India is about 70,000 tons per month, and it may reach 100,000 tons in the next two years.
He said there may not be a major transition from cotton to man-made fibers, but increased demand may lead to increased man-made fiber capacity.
Since entering the new cotton year, the price of white gold has more than doubled over the same period of last year.
The textile industry showed a high level of enthusiasm for switching to man-made fibers or blending man-made fibers with cotton to reduce production costs.
India produces about 800,000 tons of man-made fibers annually.