A high-stakes tussle over Mono Ethylene Glycol (MEG), the raw material that powers India’s man-made fibres industry, is poised to tear through the country’s textile backbone. With a huge (40 per cent) domestic demand-supply gap of MEG, a proposed government policy could tighten the chokehold further, tilting the field towards giants like Reliance Industries and Indian Oil Corporation while endangering thousands of small manufacturers and the crores who depend on them.
https://paranjoy.in/article/silence-of-the-looms
by Ayush Joshi & Paranjoy GuhaThakurta
December 2025