Ganesha Ecosphere signs mutual collaboration agreement with Applied DNA Sciences.

The agreement will enable Ganesha Ecosphere to introduce and apply CertainT-verified rPET to provide assurance for the raw material with textile and apparel customers.

Applied DNA Sciences which is listed on the NASDAQ and is a leader in Polymerase Chain Reaction (PCR)-based DNA manufacturing and nucleic acid-based technologies, has recently announced the signing of a mutual collaboration agreement with BSE listed Ganesha Ecosphere.

Ganesha Ecosphere is the largest recycled polyester (rPET) fibre producer in India with over 300-plus customers, 250-plus suppliers and 500-plus product variants.

Under the terms of the agreement, Ganesha Ecosphere will deploy the CertainT® platform, Applied DNA's traceability system, to tag an initial pilot production of recycled polyester (rPET) at the company's facilities in India and conduct confirmatory sample testing at Applied DNA's laboratories in India and the US. The collaboration between the two companies will provide brands and textile manufacturers with a trusted solution to support their sustainability goals for rPET and confirm raw material authenticity at all stages of the textile value chain.

The agreement will enable Ganesha Ecosphere to introduce and apply CertainT-verified rPET to provide assurance for the raw material with textile and apparel customers. Ganesha will also employ Applied DNA's recently introduced SigNature® T-100 tracer system that enables rPET source material to be quantified in polyester blends by the CertainT platform. SigNature T-100 is a proprietary molecular-based tracer system used to identify, analyze, and verify rPET, polypropylene, acrylic and potentially other man-made materials for claims of both identification and quantification of the raw material tagged and subsequently spun into yarn for various textile products.

BP Sultania, Joint President of Ganesha Ecosphere has stated in a filing with the exchange that, “Traceability has now added more authenticity and credibility to the entire textile supply chain and is becoming an integral part of the recycling process. With Applied DNA and CertainT, our customers can now trust in the original tagged synthetic fibre and verify product-related sustainability claims."

Ganesha Ecosphere Ltd is a leading PET Waste Recycling company in India and is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn and dyed texturized yarn in India.

Shares of Ganesha Ecosphere jumped more than 2% during early market hours to touch an intra-day high of Rs 508.45 per share on Wednesday, 20 October 2021.