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India's synthetic yarn industry suffers due to rising crude oil price

Related Keywords: acetone, benzene, crude oil, Naphtha, petrochemicals, phenols, polymers, purified terephthalic acid (PTA) and mono-ethylene glycol (MEG), solvents, spinning, synthetic yarn, textile hub, The Synthetic & Rayon Textiles Export Promotion Council, the synthetic yarn value chain, weaving

Narain Aggarwal, chairman, The Synthetic & Rayon Textiles Export Promotion Council said that, synthetic yarn export has grown in 2017-18, by about five per cent. However, say observers, this is only due to a rise in global demand while China cut production. "The industry as such has not done anything substantial to see export grow.

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