Reliance Industries Limited is targeting China's huge polymer market and has already made inroads into this sector, which is dominated by countries like South Korea, Japan, Malaysia, Thailand and the United States, a company official said in Shanghai.

"Our polymer business in China is growing at a steady pace," S S Naik, chief representative, Shanghai office, Reliance, said.

"Last year, we did business worth $183 million with China and this year we are targeting $250 million," Naik told PTI.

Realising the potential of the huge Chinese market, RIL has recently opened a full-fledged representative office in Shanghai, China's largest city as well as the commercial hub.

"Though we don't have investment plans in China at present, we are looking at this country in a big way," Naik said, adding China figures prominently in the company's future plans.

Noting that China consumes 33 per cent of the global polymer output, he said this figure is due to rise further with the country witnessing rapid economic growth.

He said RIL, which has surplus capacity for polypropylene at its Jamnagar petrochemical complex, would be targeting the China's growing market.