Reliance Industries Ltd. collaborates with Star Cotspin Limited

India: Reliance Industries Limited, an India based manufacturer of synthetic fibres has collaborated with India -based one of the well-established manufacturers and exporters of sewing threads, that is Star Cotspin Limited. Gunjan Sharma, the Business head of Polyester Staple Fibres Business of Reliance Industries Limited and S K Chhajer, CEO of Start Cotspin Limited signed the agreement. As per the partnership agreement, Reliance's Recron SHT, which is the world's super high tenacity fibre, will be used as a basic substrate for polyester sewing threads, which are produced by Star Cotspin. Post production, the yarn will be cobranded with Recron SHT and sold off in the market. Apart from branding, Reliance Industries Limited will also provide marketing and technical support to Star Cotspin Limited.

TechSci Research depicts that the partnership between Reliance Industries Limited and Star Cotspin will boost Recron SHT sewing thread's quality and will capture new business opportunities. The awareness about standardized high quality sewing threads will increase among stakeholders, especially, textile manufacturers, influencing the demand for textile chemicals at global level.

According to TechSci Research report, “Global Textile Chemicals, Market Forecast and Opportunities, 2020”, the global market for textile chemicals is anticipated to witness a CAGR of over 3.5% through 2020. Increasing industrialization, surging consumption of textiles in engineered products, and rapidly rising awareness about the benefits of using technical textiles in workplace are expected to boost the global textile industry, and thereby drive the global textile chemicals market over the next five years.