Petrochemicals-to-oil giant Reliance Industries is to restructure its textile business, phasing out production of the Vimal branded women's wear range and instead focusing on high margin products like suitings.

Reliance is also in the process of restructuring its Naroda unit and plans to downsize its workforce from 3500 to between 2200 and 2500.

It is no secret that the firm is seeking a strategic partner for its textile business, but no deal has materialised yet.