How a Holistic Approach to Sustainable Practices can Provide the Indian Textile Industry with a Competitive Edge 

By B.M Sharma

Every year, the fashion and textile industries contribute billions of dollars to the global economy. Conversely, they have an adverse environmental impact. Approximately 20% of water pollution and 10% of greenhouse gas (GHG) emissions emerge from textiles. By 2030, the fashion sector’s GHG emissions are anticipated to soar by more than 50%.

Heavy Carbon Imprint and Sustainable Practices

India is the world’s largest textile and apparel manufacturer, with the sector accounting for 2.3% of the country’s GDP. By 2030, the industry plans to touch $250 billion in the production of textiles and $100 billion in exports. On the flipside, the textile sector generates 7,793 kilo tonnes of waste. Of this, 3,944 kilo tonnes is post-consumer textile waste. Almost 34% (1,347 kilo tonnes) of post-consumer textile waste reaches landfills, where some of it will require more than 200 years to decompose.

As climate change becomes a grim global reality, more consumers want apparel makers to offer fabrics based on sustainable processes. According to the India Sustainability Report 2023, 45% of respondents sought to embrace recyclable fashion, 49% aimed to adopt sustainable practices, and 22% preferred upcycled garments. Consequently, big brands are accepting the significance of sustainability. More than 40 prominent companies in India have committed to the SBTi (Science-based Target Initiative) framework for actively lowering GHG emissions. Likewise, top global brands are outlining GHG emission reduction goals while seeking sustainable suppliers.

To promote sustainability, textile firms must focus on curbing Scope 1, Scope 2, and Scope 3 emissions. Scope 1 relates to direct emissions from in-house or controlled sources, which can be curbed by using renewable energy and deploying energy-efficient processes. Scope 2 concerns indirect emissions generated from purchased electricity that could be targeted through the transition to green energy. Scope 3 denotes all other indirect emissions within the value chain, which need a comprehensive approach. This covers sustainable farming practices, eco-friendly transport, and retail operations.

With Indian textiles shifting to sustainable practices, several universal sustainability standards have acted as guideposts on this journey. This includes the Global Organic Textile Standard, which offers a vibrant quality assurance system by inspecting and certifying the complete textile supply chain, while the Better Cotton Initiative promotes responsible cotton cultivation and consumption.

Nationally, the Ministry of Textiles has formed a task force to provide industry-specific interventions.

 » Read More

Related Articles

Average flat sizes in top 7 cities rise by 7% in 2024, NCR records highest growth

In spite of the significant rise in housing prices across Indian cities in 2024, homebuyers continue their quest for bigger living spaces. Latest ANAROCK data shows that average flat sizes in the top 7 cities rose by 8% annually in 2024 – from 1,420 sq. ft. in 2023 to 1,540 sq. ft. in 2024. Back

Investing in the US market? Know benefits, tax rules and challenges!

Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though

HUL acquires premium beauty brand, Minimalist

Hindustan Unilever has bought 90% stake in Minimalist for an enterprise value of Rs 2,955 crore. This premium beauty brand, found in in 2020 by Mohit Yadav and Rahul Yadav has an annual revenue run rate of over Rs 500 crore and the business has been profitable since inception. HUL also plans to will acquire

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Average flat sizes in top 7 cities rise by 7% in 2024, NCR records highest growth

In spite of the significant rise in housing prices across Indian cities in 2024, homebuyers continue their quest for bigger living spaces. Latest ANAROCK data shows that average flat sizes in the top 7 cities rose by 8% annually in 2024 – from 1,420 sq. ft. in 2023 to 1,540 sq. ft. in 2024. Back

Investing in the US market? Know benefits, tax rules and challenges!

Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though

HUL acquires premium beauty brand, Minimalist

Hindustan Unilever has bought 90% stake in Minimalist for an enterprise value of Rs 2,955 crore. This premium beauty brand, found in in 2020 by Mohit Yadav and Rahul Yadav has an annual revenue run rate of over Rs 500 crore and the business has been profitable since inception. HUL also plans to will acquire

Introducing BATMMAAN stocks: A lucrative way to tap US markets?

By Shanthi Rexaline A new grouping of stocks dubbed ‘BATMMAAN’ that promises above-market returns has taken Wall Street by storm. These stocks, all from the high-flying tech sector, have fueled the U.S. bull market since October 2022. Meanwhile, India’s market has enjoyed an even longer bull run, with key indices trending upward since the onset

8th Pay Commission: Central govt employees’ DA may be reset to ZERO from this date! Know why

8th Pay Commission News: Ever since the Modi government announced its decision to set up the 8th Pay Commission, there have been all sorts of speculations among central government employees and pensioners about possible salary and pension hikes, the dates when the panel’s recommendations would be implemented, and other measures that the commission might recommend