Delta Galil Industries is flexing its muscles in India. The maker and marketer of branded and private label intimate, activewear, loungewear and denim apparel for ladies, men and children inked a deal with Reliance Retail Ventures Ltd., which the company described as “India’s foremost retailer.”
The deal is a 50/50 joint venture, which “aims to redefine the apparel landscape in the Indian market,” the company said.
In separate news, Delta Galil Industries chief executive officer Isaac Dabah has been honored with the Special Business Achievement Award by Bizportal, Israel’s digital financial news platform.
Regarding the partnership in India, the aim of the deal is to create an apparel innovation platform “dedicated to meeting the unique demands of Indian consumers,” Delta Galil said in a statement, adding that the joint venture will expand the company’s footprint “in the rapidly growing Indian market, offering its acclaimed portfolio of intimate apparel and activewear brands across retail, wholesale and digital channels.” The deal also includes Delta Galil supporting the joint venture by designing and manufacturing products for Reliance’s own brands.
According to Statista, the Indian textile and apparel market was valued at around $165 billion in 2022. Of that figure, $125 billion were domestic sales and $40 billion from exports.
V Subramaniam, managing director of Reliance Retail Ventures Ltd., said, “Delta Galil’s reputation as a global innovator in intimate apparel and activewear aligns seamlessly with Reliance Retail’s commitment to delivering quality and innovative products to Indian consumers. Together, we are poised to elevate the consumer offerings in the intimate apparel and activewear segments across our retail platforms.”
Dabah, agreed and emphasized the strategic significance of the collaboration. “Reliance Retail is one of the fastest-growing retail companies in the world and we are extremely proud to partner with the company as we look to tap into India’s dynamic consumer market, home to more than 1.4 billion consumers,” Dabah said. “This collaboration will allow us to combine our product design, innovation and manufacturing prowess with Reliance Retail’s extensive retail network and distribution reach, paving the way for accelerated growth of the intimate apparel and activewear categories throughout the country.”
Regarding the Special Business Achievement Award, Delta Galil said the award was presented at Bizportal’s annual Economic Conference, and recognized Dabah’s “exceptional leadership and the company’s continued growth under his guidance.”
“I’m honored to receive this award and share this recognition with all of our employees who demonstrate such dedication and resilience even during challenging times,” Dabah said. “At Delta Galil, we are steadfastly committed to our customers and stakeholders, to pursuing innovation in design and production, and to supporting local communities worldwide, all of which have been key to our business success over the years.”
