In a bid to set up a new manufacturing facility in Tamil Nadu, Indo Rama Synthetics (India) is planning to invest around Rs 4,500 crore in the next three-four years. The company is planning to come up with project that will house polyester manufacturing unit as well as a factory to produce critical raw material Purified Terephthalic Acid (PTA).
At present, the company sources the critical raw material Purified Terephthalic Acid (PTA) from various domestic and international firms and the new facility would help it become self reliant.
The company produced 6.10 lakh tonne of polyester last year and its PTA requirement stood at 5.21 lakh tonne.
