30th March 2016
Indorama seeks sops to encourage domestic spandex production
In an exclusive tete-a-tete with The Textile Magazine, Mr. Y.C. Gupta, Business Head of the company, gave detailed insights into the company’s growth story, the key challenges being faced by manufacturers in the Indian market and shared his wish list with respect to the steps that the Government needs to take in order to give a further fillip to the Indian spandex industry.
The growth rate of the Spandex business has been impressive according to Mr. Gupta. “The global requirement of Spandex has increased and in India the business has been growing at a CAGR of about 15%, which is one of the highest in any industry”, he said, highlighting the positive trends.
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