Related Keywords: fulfil dream of ‘Make in India, help India attain self-sufficiency, India faces shortfall of PTA, Mukesh Ambani led, paraxylene, Reliance Industries Limited, to set up two new petrochemical plants, using Invista technology
Mukesh Ambani-led Reliance Industries Limited will be soon come up with two new petrochemical plants. These plants will be manufacturing polyester plastic that is used in packaging, plastic bottles, clothing and foods and beverages.
At present, India produces 5.4 million tons polyester every year. This makes the country, the second largest producer of polyester. Every year, the Polyester market is showing growth rate of 8-10%. Indian market is currently facing shortfall of PTA over 1.5 million tons every year. The current capacity will help to overcome this deficit to an extent.
