Moneycontrol PRO
HomeNewsBusinessStartupMyntra partners Textiles Ministry to promote handloom industry

Myntra partners Textiles Ministry to promote handloom industry

Myntra will also launch a new handloom brand during its upcoming annual Brand Summit, The Tech Threads, on November 2 in Bengaluru.

October 16, 2017 / 20:08 IST
Myntra (Image: Company website)

Myntra (Image: Company website)

Flipkart-owned fashion e-tailer Myntra has partnered Textile Ministry to work directly with weavers and promote the handloom industry.

Myntra, along with some of its partner brands, will work on bringing artisans and their products online to provide them with access to new customers and opportunities, Myntra said in a statement.

These products will retail on Myntra via a dedicated online store, creating a one-stop shop for handloom products, it added.

Myntra will also launch a new handloom brand during its upcoming annual Brand Summit, The Tech Threads, on November 2 in Bengaluru.

So far, about 49 brands associated with Myntra have pledged to be a part of this initiative and source handloom products from the weaver community.

These include names like W, Biba, Peter England, Raymond, Welspun, Chennai Silks, Metro and others.

"It delights us to be a part of an initiative that is engaged in preserving our country's rich textile and cultural traditions... We are also aiming to achieve a 10X growth in sales of handloom ethnic wear for women, over the next one year," Ananth Narayanan, CEO of Myntra and Jabong, said.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

PTI
first published: Oct 16, 2017 08:02 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347