Canopy calls for 15 billion dollar investment into India’s Next Gen material economy

Non-profit Canopy has said that an investment between 13 to 15 billion dollars may be needed in order to help build infrastructure in India to accelerate and support the production of Next Gen fibres. According to the organisation, Canopy believes that the country could play a pivotal role in transforming and innovating the textile industry, presenting the possibility to produce more than 10 million tonnes of Next Gen fibres annually.