Mumbai, Aug. 25 -- Filatex India Ltd, one of the country's largest polyester yarn manufacturers, is preparing for its next phase of growth with a focus on recycling and renewable energy, even as global trade uncertainties and domestic policy hurdles continue to weigh on the sector.
Chairman and managing director Madhu Sudhan Bhageria said the company is building a 75-tonne-per-day polyester recycling plant, its first large-scale venture in converting textile waste into chips and yarn. Polyester waste, he noted, has become one of the most pressing environmental concerns as it is non-biodegradable and often ends up in landfills. "We have developed and patented a technology to recycle textile waste into chips, which can then be spun into ya...
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