Filatex India, Revti Business, and Wastewear Join Forces to Revolutionize Textile Recycling and Sustainable Innovation

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Filatex India Ltd, Revti Business Pvt. Ltd., and Wastewear Inc. have signed a Memorandum of Understanding to collaboratively advance textile waste recycling, product innovation, and global co-branding. This partnership aims to promote circular economy initiatives and reduce textile waste through joint sourcing, processing, and marketing of recycled polyester products.

In a significant step toward sustainability in textile manufacturing, Filatex India Ltd., Revti Business Pvt. Ltd., and Wastewear Inc. have signed a Memorandum of Understanding on October 21, 2025, in New Delhi. This alliance focuses on establishing a multifaceted collaboration aimed at recycling textile waste, fostering product innovation, and executing global co-branding strategies.

The partnership targets strengthening the circular economy in the textile sector by jointly sourcing, processing, and marketing recycled polyester products. The key objective is to minimize textile waste and promote responsible production aligned with international sustainability benchmarks.

Key highlights of the collaboration include:

Filatex India Ltd. will leverage its expertise to process various textile feedstocks into recycled PET chips and filament yarn while maintaining high quality and sustainability standards.
Revti Business Pvt. Ltd. will play a crucial role in supplying high-quality sorted textile waste and will also serve as a preferred customer for the recycled outputs, ensuring a seamless circular supply chain.
Wastewear Inc., a leading US-based sustainability firm, will facilitate the import of textile waste into India and spearhead international marketing and co-branding efforts for the "ecosis" yarn brand.

Executives from all three companies expressed strong commitment to this initiative. Mr. Madhu Sudhan Bhageria, CMD of Filatex India Ltd., emphasized the partnership's role in scaling textile recycling infrastructure in India while supporting global sustainability goals. Mr. Manish Bagrodia, Director at Revti Business, highlighted the collaboration's potential to strengthen the circular value chain by bridging material recovery with recycled product innovation. Meanwhile, Mr. Uddhav Bagrodia of Wastewear Inc. underscored the MoU's significance in building impactful and innovative transnational partnerships centered on sustainability and integrity.

This MoU also outlines several strategic initiatives:

Structured procurement of polyester-rich textile waste to ensure consistent raw material quality.
Collaborative research and development efforts in recycled staple fibre technology.
Joint product initiatives and coordinated marketing campaigns under mutual exclusivity and preferred supplier terms.
Active engagement in sustainability policy and advocacy.

This alliance is poised to propel India's textile recycling roadmap, enhancing environmental responsibility, supply chain robustness, and sustainable material innovations at scale. It marks a pivotal stride in transforming textile waste into valuable resources, fostering a circular textile economy that benefits both the industry and the planet.

Sources: National Stock Exchange of India, Reuters, Market Screener, EquityBulls.

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