RELIANCE-SHANDONG JV MAY INSPIRE OTHER SINO-INDIAN TEXTILE AND CLOTHING ALLIANCES, SAY EXPERTS
December 1st, 2014
The newly announced textile joint venture between India’s Reliance Industries and China’s Shandong Ruyi Science and Technology Group could inspire many more such deals, shifting of textile and clothing production bases from China to India, experts have told just-style.“The aim of this joint venture is to try and capture the global market,” said Devkishan Manghani, chairman, textile trade, Southern Gujarat Chambers of Commerce told just-style, regarding the deal, which will see Reliance integrate its textile manufacturing capacity with the JV.“The idea ...
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