RIL plans polyester chain capacity expansion.

In keeping with the country's target of achieving $500 billion textile exports, Reliance Industries Limited (RIL) again reiterated its plans to expand polyester chain capacity from current 7.5 million tonnes to 15 million tonnes.

Speaking on the sidelines of 'INTEXCON 2014, an international conference on textiles, RD Udeshi, president (polyester chain), RIL said, 'We are expanding the entire value chain of polyester including PTA. The investment will be around $4 billion and the capacity will be increased from 7.5 million tonnes to 15 million tonnes.'

Udeshi added that the additional capacity will commission in three years. As part of the expansion, the company is also doing road shows, he said. 'We are trying to do road shows across India. We did in Mumbai, Surat and other parts of the country,' Udeshi added.

BS