An industry-first initiative , Reshamandi is a unique grassroots-level technology enabler that works with over 100,000 + farmers , 10,000 + reelers , 17,500 + weavers , and 18500 + retailers to digitize the entire supply chain .
Asia and are now looking at expanding in the US and Europe . Besides this , our team is also looking at expanding our current range of silk , cotton , viscose , and linen , and experimenting with new categories like sisal and banana , while opening up new segments in wool , jute , and blends ,” says Mayank Tiwari while sharing his future plans .
“ We are open to collaborating with the right set of people and organizations who share our desire to make a difference . We undoubtedly have ambitions to improve our tech
infrastructure and draw in the kind of expertise that will aid in our business expansion . For now , we are focusing on scaling our profits so that we are not solely reliant on external capital for our operations .” he adds .
Way forward
As per IBEF , the Indian textile industry is currently ~ USD 138 Bn market and is projected to reach ~ USD 195 Bn by 2025 . In this context , ReshaMandi has the opportunity to cater to ~ USD 18.5 Bn worth of natural fibre market in India .
The company sees itself becoming one of the largest platforms in the world for mapping the supply , demand , merchandising , automation , and capital needs in the natural fibre supply chain . The fullstack digital ecosystem provided by the company has significantly impacted farmers , weavers , reelers , retailers , and other associated stakeholders by generating profits and increasing operational efficiencies .
Mayank believes that by incorporating automation and digitization , the sector can maximize scalability , efficiency , and profitability . “ Government officials and industry stakeholders alike should focus on enhancing the ecosystem ' s supporting infrastructure to aid in building the industry ,” he opines .
“ As we continue to scale the business we aim to be the one-stop sourcing solution not just in India but also across the globe ,” Mayank signs off .
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BioVoiceNews | February 2023