Pakistan is upgrading its filament production capacity. The aim is to ensure availability of the raw material for the industry as well as fair protection to the domestic industry to attract further investment. Internationally cotton is 30 per cent of total fiber consumption and manmade fiber and filament is at 70 per cent while the situation in Pakistan is the opposite. The filament manufacturing group of the textile division of Pakistan has committed to invest $125 million to upgrade its existing production capacit
Vietnam, Bangladesh, and Cambodia are leading exporters of synthetic textiles following China. So far domestic policies in Pakistan and market conditions have hindered the country’s foray into this emerging market.
In India higher GST rates have had the effect of raising cost of production and restricting supply as the business environment became tougher to manage. Polyester filament yarn production increased five per cent in 2017 up to July, relative to the same period the year before. Polyester filament yarn makes up the vast majority of total filament yarn production in India this market year as 92 per cent of total yarn production consists of polyester filament yarn.
Nylon filament yarn production makes up just three per cent of total filament yarn production in India. The increase in polyester filament yarn production has offset the drop in polypropylene filament yarn and viscose filament yarn production.