Grasim Industries Limited and Omikenshi Co. Ltd. announced that they have entered into an agreement to jointly develop new international markets for several functional rayon products. Under the terms of the agreement signed, Omikenshi and Grasim will develop the technology together and manage the increased production anticipated as the Companies enter new markets.

In addition to specific products at the core of the agreement, the two companies will also explore future collaboration through a joint Research and Development Program.