Fineotex Chemical, a player of specialty chemicals headquartered in Mumbai, has signed the memorandum of understanding (MoU) and will be setting up a state-of-the-art Research & Development (R&D) centre in collaboration with Synthetic & Art Silk Mills' Research Association (Sasmira) Institute, a textile institute.
The Sasmira established in 1950 stands on a plot of land measuring 11,809 sq mtr at the foot of Worli Hill, Mumbai.
The company will develop a first-of-its-kind support and solution centre for technical service in Sasmira to catalyse innovation and focus on sustainable chemistry which will aid the textile and chemical industry in the next phase of growth with a focus on greener products and sustainable practices.
The R&D centre will focus on new sustainable solutions and chemicals to reduce water, time and energy consumption for the textile wet processing industry.
In the long run, there will be a substantial reduction in the negative impact of the process chemicals to the environment, through alternative user-friendly chemical options and process optimisation. This will prove beneficial for textile companies looking to seek advice and assistance on their requirements in the textile wet process.