ReshaMandi opens Asia’s second-largest silk cocoon mandi, expands pan-India
ReshaMandi has set up Asia's second-largest cocoon mandi in Ramanagara. The cutting-edge processing plant and warehouse will benefit over 30,000 sericulture farmers and serve over 6,000 reelers with an aim to optimize the silk value chain and achieve a high quality of raw silk through interventions.
ReshaMandi, India's first and largest digital ecosystem for natural fibre supply chain starting from farm to retail, has set up Asia's second-largest cocoon mandi in Ramanagara. The cutting-edge processing plant and warehouse will benefit over 30,000 sericulture farmers and serve over 6,000 reelers with an aim to optimize the silk value chain and achieve a high quality of raw silk through interventions.
ReshaMandi’s technology will ensure fair, resilient bidding and a warehouse management system. The facility at Ramanagara will consist of systems that will enable time series computation on live bidding and enable statistical computation on the edge of the network while securing the bidding by setting up a geo-fence perimeter. Bidding and purchasing will be delivered with the company's unique cart management solution, offering payments through a mobile application or working capital being given to reelers.
Through the 24 cocoon procurement centres in the southern state, ReshaMandi seeks to offer reelers scientifically graded cocoons by using image processing and deep learning algorithms for a predictive renditta grading. This will increase production capacity and benefit thousands of reelers who are using ReshaMandi’s mobile application and address issues such as quality of yarn, easy access to finance, fair pricing, scientific testing and optimized logistics.
Mayank Tiwari, CEO and Founder, ReshaMandi, said, “As we open Asia's second-biggest cocoon mandi in Ramanagara, we want to provide several prospects and opportunities to the whole supply chain ecosystem. Till now, we have made significant contributions to reduce the bottlenecks in the natural fibre ecosystem and with this mandi, we will ensure that a comprehensive set of actions are implemented onsite for the farmers’ ease and monetary gain.”
Tiwari added, “We believe this centre is a significant step towards improving industry standards, providing better employment opportunities and income for the sector which will help uplift the entire value chain, propel the advancements in the field of sericulture and eventually manifest in making Bharat Atmanirbhar in silk production.”
ReshaMandi is creating a countrywide network that sources fabrics, sarees, and accessories directly from 5,500 weavers and 6,000+ reelers with an aim to bring a sustainable, authentic, positive economic change in the lives of stakeholders, their families, and communities while re-igniting consumers' love for India's diverse weaving traditions.