14. Letter of Intent for a Business Partnership

Neha Khurana
Founder & CEO
BlendTech Innovations Pvt. Ltd.
Tech Park, Hinjewadi
Pune, Maharashtra 411057
Email: neha@blendtechinnovations.com
Phone: +91 20 6765 4321

March 30, 2024

Mr. Aakash Malhotra
CEO, EcoFibre Textiles Pvt. Ltd.
D-10, Industrial Area, Phase 1
Chandigarh, 160002

Dear Mr. Malhotra,
I hope this letter finds you well. I am Neha Khurana, the Founder and CEO of BlendTech Innovations Pvt. Ltd., a company at the forefront of developing sustainable textile technologies. After our initial discussions and the mutual interest expressed by both our teams, I am writing to formalize our intent to explore a potential partnership between BlendTech Innovations and EcoFibre Textiles Pvt. Ltd.
Over the past few years, BlendTech Innovations has been dedicated to creating eco-friendly textile solutions that reduce environmental impact without compromising on quality. Our recent breakthrough in biodegradable fabric technology has garnered significant attention in the industry, and we believe it has the potential to revolutionize the way we think about sustainable textiles.
EcoFibre Textiles Pvt. Ltd., under your leadership, has established itself as a pioneer in the production of eco-conscious textile products, making your company an ideal partner for BlendTech Innovations. We are excited about the possibility of combining our technological expertise with your extensive experience in eco-friendly textile manufacturing to create a line of products that are not only environmentally sustainable but also meet the growing consumer demand for green alternatives.
We propose to initiate a joint project to integrate BlendTech’s biodegradable fabric technology into a selected range of EcoFibre’s products. We believe that this collaboration could lead to significant advancements in sustainable textile production and open up new market opportunities for both our companies.
To move forward, we suggest arranging a meeting between our respective teams to discuss the potential scope of this partnership in more detail, outline the initial steps, and establish a timeline for a pilot project. Our team is available for a meeting at your earliest convenience and looks forward to working closely with EcoFibre Textiles to make this collaboration a success.
Please let us know your thoughts on this proposal and your availability for a meeting. We are keen to take this discussion forward and to lay the groundwork for what promises to be a rewarding partnership.
Thank you for considering this opportunity. I am confident that by joining forces, BlendTech Innovations and EcoFibre Textiles can lead the way in sustainable textile innovation.
Warm regards,

Neha Khurana
Founder & CEO
BlendTech Innovations Pvt. Ltd.