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Purified Terephthalic Acid Market Data With Current And Future Growth, Feasibility And Regional Analysis
rmozMay 29, 2021
Purified terephthalic acid (PTA) is a chemical which is synthesized from crude oil. It is majorly used to manufacture polyester fiber. Its end-user industries include textile and home furnishing where PTA is required to manufacture garments such as bed sheets, curtains and clothes.
The market for purified terephthalic is expected to witness noticeable expansion in the coming years with the growing demand for polyester, specifically in China. Furthermore, the country is emerging as a global textile manufacturing hub with low-cost labor further driving the growth of the
Tribunal ) issued an award in a dispute between Zostel Hospitality Private Limited (
Zostel ) and Oravel Stays Private Limited (
Oyo ). The parties to the dispute operate accommodation management and booking business in India.
In its award, the Tribunal held that a term sheet executed between Zostel and Oyo was binding in nature despite the express declaration in the preamble of the term sheet stating that it was non-binding and merely exploratory.
This update highlights the reasoning of the Tribunal and outlines the key takeaways which must be borne in mind by parties intending to execute deal term sheets in India.
The Dispute
Uniindia: New Delhi, Mar 10 (UNI) India is working to promote the sub-region comprising Bhutan, Bangladesh, Nepal and Myanmar as an energy hub, Foreign Secretary Harsh Vardhan Shringla said here on Wednesday.