FilingReader Intelligence

Filatex India partners for textile recycling and sustainable innovation

October 21, 2025 at 01:19 PM UTCBy FilingReader AI

On October 21, 2025, Filatex India Ltd. signed a memorandum of understanding (MoU) with Revti Business Pvt. Ltd. and US-based Wastewear Inc. This partnership establishes a multi-faceted collaboration focused on textile waste recycling, product innovation, and global co-branding, aiming to reduce textile waste and promote responsible production.

Under the agreement, Filatex India Ltd. will process textile feedstock into recycled PET chips and filament yarn, adhering to sustainability and quality standards. Revti Business Pvt. Ltd. will supply high-quality sorted textile waste and serve as a preferred customer for the recycled outputs. Wastewear Inc. will facilitate textile waste imports into India and lead international marketing and co-branding efforts for the "ecosis" yarn brand.

Key aspects of the MoU include structured procurement of high-polyester-content textile waste, collaborative R&D in recycled staple fibre development, co-branded product initiatives, mutual exclusivity and preferred supplier agreements, and strategic coordination on sustainability and policy engagement. This collaboration is expected to contribute significantly to India's textile recycling roadmap.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:FILATEXBombay Stock Exchange

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