Filatex India Ltd, Revti Business Pvt. Ltd, and Wastewear Inc. sign MoU to forge strategic collaboration

In a strategic move towards advancing sustainable textile manufacturing and circular economy initiatives, Filatex India Ltd., Revti Business Pvt. Ltd., and Wastewear Inc. have signed a Memorandum of Understanding (MoU) to establish a multi-faceted collaboration focused on textile waste recycling, product innovation, and global co-branding.

The MoU, oƯicially signed in New Delhi on October 21, 2025, outlines the intention of the three companies to work jointly on sourcing, processing, and marketing recycled polyester products, with the long-term goal of reducing textile waste and promoting responsible production.

Under this partnership:

- Filatex India Ltd. will process textile feedstock into recycled PET chips and filament yarn, ensuring adherence to sustainability benchmarks and product quality standards.

- Revti Business Pvt. Ltd. will supply high-quality sorted textile waste and act as a preferred customer for the recycled outputs.

- Wastewear Inc., a US-based sustainability leader, will facilitate imports of textile waste into India and lead international marketing and co-branding eƯorts under the "ecosis" yarn brand.

"This partnership reflects our shared commitment to scaling textile recycling infrastructure in India while aligning with global sustainability goals," said Mr. Madhu Sudhan Bhageria, CMD of Filatex India Ltd. Mr. Manish Bagrodia, Director at Revti Business Pvt. Ltd., added, "We are excited to strengthen the circular value chain through this collaboration, bridging material recovery with innovative recycled product applications."

Mr. Uddhav Bagrodia, President and Co-Founder of Wastewear Inc., emphasized, "This MoU marks a pivotal step toward global circularity by creating strong transnational partnerships focused on impact, innovation, and integrity."

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 and marketing campaigns
- Mutual exclusivity and preferred supplier agreements
- Strategic coordination on sustainability and policy engagement

This partnership is expected to significantly contribute to India's textile recycling roadmap, with positive implications for environmental responsibility, supply chain resilience, and innovation in sustainable materials.

Source : Equity Bulls

Keywords

FilatexIndia MoU RevtiBusiness WastewearInc TextileWasteRecycling