Reliance Industries Limited (RIL) is adding more partners to support the textile value chain!
The company runs the Hub Excellence Program (HEP) to support the value chain. Currently, there are more than 55 high-quality value chain players across spinning, weaving, knitting and processing, and now more partners are being added.
Addressing a webinar, Ritesh Sharma, Head, Brand & Retail of the company said, “Through this programme, the entire value chain, including brands, will be able to take advantage of manufacturing and technical support, quality and supply assurance, access to innovative products, manufacturing support and one-stop solution for all requirements.”
The company has a presence across all textile hubs and end-applications.
Dr. A. Sakthivel, AEPC Chairman said, “From day one, we felt that we have enough MMF fibre and yarn, but we do not have the proper fabric. I thank Reliance for coming forward to fill the gap.”
AEPC also appealed to Reliance to look at the production of high-end fabrics very holistically and not just concentrate on fibre production.
Roshan Baid, MD, Paragon Apparels said, “MMF dominates global textile fibre consumption with 72:28 ratio, i.e., MMF 72 per cent and 28 per cent is natural fibre. The share of MMF garment in India’s total apparel export is US $ 1.6 billion, which is only 10 per cent of India’s apparel export.”
It can be mentioned here that MMF fibre textiles all over the world are increasing as a substitute for cotton amidst changes in global fashion trends. World trade in MMF fibre garments is estimated at US $ 500 billion.
Harvinder Singh of Saachi Processors; Raj Kumar Agarwal of SVG Fashions; Sudhir Sekhri, Chairman, Export Promotion Sub Committee, AEPC also addressed the event.