AI SummaryIndia's domestic spandex and flexible polyol market, worth ₹800–1,200 crore annually, has been shielded from cheap Chinese and Vietnamese imports via 5-year anti-dumping duties (₹72–₹312/MT) effective March 2026. This creates a protected window for new chemical manufacturers to establish production capacity serving textile mills, hosiery brands, and foam producers. The opportunity is ideal for chemical engineers, private equity firms focused on import substitution, and industrialists with access to ₹40–60 crore capex. Timing is critical: tariff protection runs until March 2031, demand is growing 8–10% annually, and government incentives (PLI, CGTMSE) are available through FY2027.
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