The Direct-to-Grower approach empowers Provisional Partners to engage with Sourcery’s platform, procuring cotton fibre directly from growers and subsequently selling denim yarn and fabric to other Direct-to-Grower Partners.
Moreover, these selected mills will be among the first to explore the opportunity of participating in Sourcery’s upcoming stock option subscription programme, an initiative poised to democratise ownership within the sector and foster a collaborative vision for the future of trade.
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Initiated to stimulate demand downstream in the cotton value chain, the Provisional Partnership Programme is said to have already yielded positive outcomes in India and Pakistan.
Despite encountering lower-than-usual fibre demand, these Provisional Manufacturer Partners remain steadfast in their commitment to sourcing from Sourcery Grower Partners. This dedication is fueled by the transparency, traceability, and trust embedded within the Sourcery Partner network.
Participating in the programme equips Provisional Partners with immediate access to Sourcery’s suite of Direct-to-Grower Solutions, facilitating transparent, fair, and efficient procurement and sales processes.
Notably, Sourcery refrains from charging commission fees on fibre, yarn, or fabric transactions, translating into significant cost savings for partners compared to traditional approaches.
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By GlobalDataFurthermore, this enables partners to redirect resources towards advancing commercial and environmental excellence within their operations while supporting the progress of other Grower and Manufacturer Partners.
“The denim industry is often the first to adopt new fibres, processes, and technology than other textile categories who tend to be less forward thinking and responsive,” said Crispin Argento, global managing director of Sourcery.
“By specifically inviting the denim community to join not just as future members, but to also take ownership in Sourcery is very much a part of our approach to transforming the ‘impact paradigm’ whereby growers, traders, mills, and brands can better collaborate, define, and now own the future of sustainable cotton and transparent trade.”
Sourcery’s new Provisional Partners in India:
Shiva Texyarn: produces and exports a wide range of high-quality yarns and fabrics that meet international standards. Their products are used both domestically and internationally, and they contribute to India’s textile exports.
Unitech Spinner: The primary focus of Unitech Spinner is on the production and export of textile products from Gujarat, India. Their product range includes several types of yarns, such as cotton yarn and specialty yarns.
Armstrong India: is a textile conglomerate that has been catering to the international market for 55 years. They are pioneers in sustainable textiles and offer a vertical setup covering the entire process from farming to fashion. By using Armstrong products, brands can achieve their sustainability goals.
Nahar Spinning Mills: has become a recognised “Export House” and a “Recognised Trading House” by the Indian government. With a spindlage capacity of approximately 5.74 Lacs Spindles and 1080 Rotors, Nahar Spinning Mills has diversified into the Spinning Industry and exports products to renowned international brands. The company operates across multiple locations and serves export markets in the USA, UK, France, Brazil, and other countries.
Ken Enterprises: is a premier textile company that focuses on manufacturing, sourcing, and exporting textiles. Their goal is to exceed expectations and build strong relationships with customers by maximising resource utilisation, driving innovation, and ensuring timely delivery of quality products.
Ramco Group: is a well-established textile company based in Tamil Nadu, India, with a legacy of producing high-quality yarns, fabrics, and garments since 1936. The company is known for its commitment to quality, innovation, and sustainability, making it a respected name in the industry.
GTN Textiles Limited: is a company that produces and exports a wide range of fabrics, including cotton, polyester, and blends, for various applications. The company is committed to ethical business practices and strives to minimise its environmental impact through sustainable production methods.
To promote its Provisional Partnership Programme within the denim industry, Sourcery will be present at Kingpins 2024 in Amsterdam.
