As stated by a top RIL(Reliance Industries Ltd) official Reliance Industries Ltd, the integrated polyester yarn and fibre producer, has announced to make ‘sustainable clothing’ affordable and affable, taking a leaf from the success story of the group’s telecom venture Jio in getting volumes with competitive pricing.
Vipul Shah, chief operating officer of petrochemicals division at RIL said that sustainability is not a fashionable word for them, in fact they are making fashion out of it and it is a sustainable business. He further stated that it is the time we should look at sustainability beyond corporate social responsibility.
RIL, pioneer of recycling of PET bottles in India, is processing over two billion post-consumer (used) PET bottles every year and plans to scale it up to six billion in two years, he said.
RIL’s initiative for recycling of used waste PET bottle is a classic example of sustainability and circularity as it is the only company in the world that has created a complete circle from creation of PET Resin for making bottles, collection of discarded PET bottles, converting them to Recron Green Gold, eco-friendly polyester fibres for use by downstream textile value chain that converts the fibres in to high-value sleep products and R|Elan™ based fashion apparel.