INDIA: Dye industry in India has bright prospects: Reddy

MUMBAI: The dyestuff industry has a huge potential for the growth in the Indian textile industry, Union Chemicals and Petrochemicals secretary, Satwant Reddy said here on September 21.

The secretary was speaking at the inaugural ceremony of a two-day international conference on Indian dyestuffs industry here on 21st September.

Since the share of developed countries in the world production of dyes has come down from 65 percent to 50 percent; the situation has generated a huge potential for the growth of the Indian dye industry.

However, the developed world is not interested in further growth of the dyestuff industries in their countries and would prefer to source their requirements from countries like India, China, Taiwan, Korea and Indonesia.

Reddy further suggested that the industry should meet the environmental and pollution standards norms scrupulously as they should not grow at the cost of environment deterioration.

The installed capacity of dyestuff units was considerably under utilised owing to the absence of world class plant capacities, use of obsolete equipment and technology, insufficient R&D efforts etc.

Government has constituted a task force to finalise the strategy to face the challenges posed by the proposed European Union legislation REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals).


Send your News/Releases for publication to news@bharattextile.com
Added: September 22, 2006 Source: Agencies
Start script - 1506061608.5373 Start news id check - 1506061608.5374 After news id check - 1506061608.5376 After cookie_code - 1506061608.9002 Before news detail - 1506061608.9002 After news detail - 1506061608.9008 Start cat select - 1506061608.9008 After cat select - 1506061608.901 before preg replace - 1506061608.901 After preg replace - 1506061608.9011 Before tag engine - 1506061608.9011 After tag engine - 1506061608.9047 Before mptt engine - 1506061608.9047 After mptt engine - 1506061608.9047 Before related engine - 1506061608.9047 After related engine - 1506061608.9114 Before update hits - 1506061608.9114 After update hits - 1506061608.9116 After update news_hits - 1506061608.9121 After mem_only_views - 1506061608.9121 -------------------------------------------------- Total Exec time:- 0.37479996681213
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2017. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 22-09-2017