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Sasmira Institute and Fineotex to set up R&D centre

Jun 16, 2021
Sasmira Institute and Fineotex to set up R&D centre

Mumbai

Fineotex Chemical Limited and Sasmira Institute have signed the MOU and will setup Research and Development centre to develop sustainable speciality chemicals & solutions for the industry. Fineotex Chemical Limite is an emerging player of speciality chemicals while The Synthetic & Art Silk Mills' Research Association (SASMIRA) is India’s premier textile institute. Both of them are based in Mumbai.

According to Sanjay Tibrewala, Executive Director, the company is grateful to the Sasmira management for allowing them to undertake R&D activities for the benefit of the textile industry and customers as a whole. The company will develop a Support and Solution Centre for technical service in Sasmira which will help the chemical and textile industry to grow in terms of greener products and sustainable practices. The focus will also be to catalyze innovation and sustainable chemistry.

As per Arindam Choudhuri, CEO, the purpose of this collaboration is to find new sustainable solutions and chemicals to reduce time, water, and energy for the textile wet processing industry. He also said that the Malaysian team of Fineotex and Biotex will support the companies with the latest technologies and best practices. With this collaboration, the students will also be benefitted and the industry will flourish in the long run. The students will also receive a certificate of recognition from Fineotex.

As per U. K. Gangopadhyay, Executive Director, Sasmira, the institute is excited as for the first time any speciality chemical professional company has decided to contribute to the industry by developing sustainable chemistries and processes. He also said that with this collaboration the industry, students, and researchers will all get an opportunity to excel in the future.

Source – Equity Bulls

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