PSF production to grow by 13% in 2008-09: CMIE

"Polyster staple fibre (PSF) production witnessed a growth of 11.1 per cent during 2007-08 which was over and above a growth of 26 per cent in 2006-07," CMIE said.        

"We expect the same growth in production of PSF to continue in the year 2008-09, and it will grow by 13 per cent during the period," the report said.        

 

Polyester filament yarn (PFY) production witnessed a healthy growth of 11.8 per cent during 2007-08 on top of a growth of 18.3 per cent in 2006-07, the CMIE report said.        

PSF being the cheapest among all synthetic yarns is widely preferred for textiles.        

"We are hoping that PFY production in year 2008-09 will grow by around 12.5 per cent," CMIE said.        

The demand for viscose staple fibre (VSF), which is a close substitute of cotton has also grown in previous years.        

In the year 2007-08, the growth in production of VSF has increased to 13.4 per cent from 7.8 per cent during the year 2006-07, the report said.        

"We expect VSF production to grow by around 16 per cent during the year 2008-09," CMIE said.