Published on June 9, 2014

According to recent reports, Indian textile has improved significantly on global ranking; India now stands at second by beating its competitors like Germany, Italy and Bangladesh. Reason for such growth is credited to improvements in the Indian textile market and government support with their policies. Industry sources said that textile market is going good and due to this demand of related chemical is also increasing.

As the new government has taken charge, it is planning to boost export of the textile in international market. They are planning to promote Indian brand worldwide so that it will add to growth in exports. Such planning will help textile chemical market to grow. Chemical used in textile dyes are likely to see good growth in near future.

Textile Chemical market is facing some issues now a day due to environmental concern. Large number of harmful chemicals used in dyes and auxiliaries are badly affecting environment and thus it is under the constant scrutiny of environmentalists and government. As told by the industry sources, the trade was good for the current week as told. Current economical condition of the country has put the traders under wait and watch situation for further trade as told by various traders.