Wazir Advisors, leading textile and apparel focused management consulting firm, partners with ITA, Germany to offer sustainability, digitalisation and contract research services to the South Asian textile Industry.
The Institut für Textiltechnik (ITA) is one of the top 5 institutes at the RWTH Aachen University.
In a statement, Wazir Advisors informed that with this partnership, it aims to provide new-age services to textile, apparel and technical textile stakeholders in the Indian subcontinent who are looking to align with changing times and adopt best global practices.
Wazir Advisors’ unique positioning and deep inroads into the regional industry, coupled with ITA’s technical prowess, will bring unmatched value to the industry.
The assignments in India will be implemented in coordination with ITA’s India advisors –G. V. Aras and Dr. Mohit Raina.
“Sustainability and digitalisation have moved from just being buzzwords to being immediate actionable for the textile industry. Push from global buyers as well as anticipated legislation in developed countries will cause the industry to embrace sustainable manufacturing processes sooner than later. Similarly, with the increasing cost of manufacturing, manpower shortage and need for faster decision-making, digitalisation is taking a centre seat in the industry,” said Prashant Agarwal, Wazir Advisors’ Co-founder and Partner.
Dr. Thomas Gries, Head of the Institut für Textiltechnik of RWTH Aachen University (ITA), Aachen, Germany, said “The entire industry is at the cusp of a major transformation. New products and processes that are compliant with ESG norms will be the only way to success for the industry in near future. Asian countries have so far leveraged the cost aspect, now is the time for them to think about completely different parameters to evolve further. Our tie-up with Wazir Advisors will bring us nearer to industry stakeholders in South Asia so we can serve them better.”
