Gujarat is likely to benefit from the growing interest of Chinese dyestuff and intermediaries manufacturers. They are looking to invest in Gujarat through joint ventures with local partners. Tian Liming, Vice Chairman and Secretary General of China Dyestuff Industry Association (CDIA) at the inauguration of 5th 'Interdye Asia' said that 10 Chinese companies have shown interest in projects in Gujarat.

According to Liming, the fundamental idea is to expand commercial relations beyond the cooperation with Dyestuff Manufacturers Associations in India and invest in various projects. Jiangsu Yabang Dyestuff and Shanghai Anoky Group are amongst the 10 companies interested in investing around $10 million.

Statistics reveal, China’s annual revenue from dyestuff is $10 billion with 300 dyestuff manufacturers producing 1.2 million tonnes of dyestuff. India’s 1,000 manufacturers, produce 0.3 million tons of dye stuff, generating $4 billion revenues. Also, as acknowledged by Janak Mehta, President, Dyestuff Manufacturers Association of India (DMAI), more than 80 per cent manufacturers are located in Gujarat. Contribution $2.5 billion revenue from exports and $1.5 billion from domestic market together.

The 5th 'Interdye Asia' exhibition held from December 3 to ,5 was organised by CDIA and CCPIT Shanghai Sub-council at Gujarat University Convention and Exhibition Centre. Supported by CHEMEXCIL, DMAI, Gujarat chapter of Textile Association of India (TAI), SGTPA and GPE Expo. The event saw participation from 200 companies including 80 international firms and approximately 110 domestic companies.