India-based fibre and yarn manufacturer Reliance Industries has entered into a joint venture with Chinese textile firm Shandong Ruyi Science and Technology Group (Ruyi).

Ruyi’s brands include Taylor & Lodge, Harris Tweed and Aquascutum.

Nikhil Meswani, executive director of Reliance, said: “Our joint venture will help Reliance reposition its textile business on a high growth path. Our partner’s deep commitment and global reach in textile business will enable this JV to harness the growth potential of the Indian market and emerge as a global textile player.”

In April, Reliance commissioned a new polyester filament yarn facility in Silvassa, taking the group’s total production capacity to 1.5 million tonnes per year.

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