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Cheap polyester bring relief for India industry

Cheap polyester bring relief for India industry

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India’s textile industry is making a strong comeback, thanks to cheaper polyester. As global prices drop, Indian manufacturers are finding it easier to produce affordable textiles. Polyester is popular because it’s versatile and durable, making it great for clothing, home furnishings, and industrial products. This has boosted both domestic demand and exports.

Lower polyester costs are especially helpful for small and medium enterprises (SMEs), which are the backbone of India’s textile sector. These businesses often face high raw material costs and tight profit margins. Affordable polyester helps them keep prices competitive without sacrificing quality, allowing them to expand their market share locally and globally. It also sparks innovation as manufacturers explore new designs and applications to meet changing consumer preferences.

However, there’s a downside. Polyester’s environmental impact is a growing concern due to its reliance on non-renewable resources and its contribution to microplastic pollution. Industry leaders and policymakers are pushing for a balanced approach, encouraging the use of recycled polyester and eco-friendly practices. This way, the benefits of affordable materials won’t harm the environment in the long run.

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