PurFi Global and Arvind Limited, 2 pioneers in their respective domains, have announced an ambitious joint venture to tackle the global textile waste crisis. Their state-of-the-art facility in Gujarat, India, will focus on producing rejuvenated fibres, aligning with the sustainability goals of leading global brands and retailers.
The share price of Arvind Ltd was trading at ₹398.80 on the NSE as of 10:30 AM on January 20, 2025. The stock recorded an intraday high of ₹417.25.
The textile industry consumes 3.25 billion tonnes of materials annually, yet only 0.3% comes from recycled sources. Most raw materials are fossil-fuel-based, highlighting the urgent need for sustainable solutions. This collaboration aims to close the loop by leveraging innovative technology and creating high-quality recycled fibres.
Punit Lalbhai, Vice Chairman of Arvind Limited, emphasised the alignment of values between the two organisations. “This partnership strengthens our commitment to addressing textile waste while advancing sustainable practices,” he remarked. The collaboration underscores the growing importance of a circular economy in the textile sector.
PurFi’s fibre rejuvenation technology involves:
The partnership builds on PurFi’s existing success with its Belgium facility, established in 2019, and experience in the US. By combining PurFi’s technological expertise with Arvind’s manufacturing prowess, the venture is poised to make a significant impact globally.
The Circularity Gap Report Textiles has urged immediate measures to reduce the textile industry’s environmental footprint. This venture demonstrates how innovation can transform waste into opportunity, setting a benchmark for sustainability in fashion and textiles.
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Published on: Jan 20, 2025, 2:26 PM IST
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