Arvind Envisol Limited, the waste water treatment solutions provider owned by Arvind Ltd, is reportedly mulling to form a joint venture with a Chinese textile company.
The move has come as part of its expansion plans for Africa, Bangladesh and China.
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“We are looking at collaborations either in the form of joint ventures or working with renowned financial institutions with water as one of their focus areas,” reportedly said Ashish Kumar, CEO, Arvind Envisol.
It is expected that the JV with the Chinese company will be finalized in the next three months
Meanwhile, Arvind Envisol is also in talks with the World Bank and International Finance Corporation (IFC) to carry out water treatment projects in Bangladesh. The country is a big market as its economy depends on the polluting textile and garment industry.
