Prøve GULL - Gratis
SUSTAINABLY CHIC
Business Today India
|June 22, 2025
As the third-largest contributor to global textile waste, India's textile sector is facing pressure to adopt eco-friendly practices. In response, both retailers and manufacturing units are embracing innovative strategies
MILLENNIALS AND GEN Zers are tied to trending fashion. For them, fashion is a lifestyle, and it better be fresh and fast. “Latest trend” has become the holy grail, pushing brands to design and deliver at breakneck speed. However, there is a cost in keeping up with trends. According to a McKinsey report, global apparel consumption is set to reach 102 million tonnes by 2030, driven largely by fast fashion and obsession with the latest trends. Sayooj Thekkevariath, Partner, Climate Change and Sustainability Services, EY India, says demand for cheap, trendy clothing drives high volume, low-margin manufacturing that undermines environmental and social sustainability.
Nonetheless, the textile industry, both globally and at home, is facing a mounting pressure to adopt eco-friendly practices that reduce the environmental impact while fostering growth.
THE TRUE COST
A 2015 documentary, The True Cost, reveals that mass production of cheap garments leads to water pollution, excessive textile waste and use of harmful chemicals, particularly in developing countries such as India and Bangladesh.
A UNDP report says that every year 92 million tonnes of textile waste is produced globally. While production doubled from 2000 to 2015, the duration of garment use decreased by 36%. An estimated 17% textile waste ends up in landfills; the industry contributes 8-10% to the total greenhouse gas emissions.
India is the sixth-largest textile exporter. The sector contributes 2.3% to GDP, 13% to industrial production and 12% to exports. The domestic textile industry accounts for a 4.5% share of global trade, with the US and the EU accounting for 47% of India’s textile and apparel imports. Approximately 7.8 million tonnes or 8.5% of global textile waste is accumulated in India every year, according to a report by IDH and Sattva Consulting.
Denne historien er fra June 22, 2025-utgaven av Business Today India.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business Today India
Business Today India
SMALL SAVINGS GOING STRONG
New investment choices like gold, crypto, stocks have gained much popularity in recent years. But small savings schemes continue to retain investors' interest with their steady returns
7 mins
May 10, 2026
Business Today India
CHASING RETURNS IN FY27
THE YEAR PROMISES TO BE AS UNCERTAIN AS THE PREVIOUS FINANCIAL YEAR. HERE'S HOW INVESTORS CAN MANAGE THEIR INVESTMENTS OVER THE NEXT FEW QUARTERS
6 mins
May 10, 2026
Business Today India
LUPIN'S ROAD TO RECOVERY
AFTER A FEW YEARS IN THE ROUGH, LUPIN MADE A STRONG COMEBACK IN FY25. THE MOMENTUM HAS CONTINUED INTO FY26. WILL THE RIDE CONTINUE?
12 mins
May 10, 2026
Business Today India
PRESENT TENSE
THE WAR IN WEST ASIA HAS THROWN UP FRESH CHALLENGES FOR THE ECONOMY AND INDIA INC. THE ALL-NEW BT-C FORE BUSINESS CONFIDENCE INDEX SHOWS THAT FIRMS ARE WORRIED ABOUT THE PRESENT AND UNCERTAIN ABOUT THE FUTURE
6 mins
May 10, 2026
Business Today India
CURBING VOLATILITY
THE RUPEE MAY HAVE RECOVERED FROM ITS RECORD LOW OF 95 TO THE DOLLAR, BUT EXPERTS CAUTION THAT THERE COULD BE MORE PAIN AHEAD
8 mins
May 10, 2026
Business Today India
BEST Management Advice
\"BE A CULTURAL CHAMELEON WITHOUT LOSING CORE VALUES\"
2 mins
May 10, 2026
Business Today India
TIME REIMAGINED
At Watches and Wonders 2026, heritage houses unveil timepieces that redefine precision, prestige, and pure desire
2 mins
May 10, 2026
Business Today India
"Biggest challenge for fertiliser sector is raw materials"
Arun Alagappan, Executive Chairman, Coromandel International, on why he sees opportunity in the fertiliser industry, despite import dependence
5 mins
May 10, 2026
Business Today India
REFUELING UDAN
THE FIRST PHASE OF UDAN GOT A MIXED RESPONSE AFTER THE END OF THE SUBSIDY PERIOD. WILL THE MODIFIED SCHEME HELP INDIAN AVIATION PERFORM TO ITS FULL POTENTIAL?
6 mins
May 10, 2026
Business Today India
INFRASTRUCTURE INVESTING MADE SIMPLE
INVITS ARE RIDING INDIA'S STRONG INFRASTRUCTURE PUSH, WITH AUM RISING SHARPLY. BUT RETAIL INVESTORS HOLD JUST 5% OF THE UNITS. IS THIS THE RIGHT TIME TO JUMP ON THE OPPORTUNITY?
7 mins
May 10, 2026
Listen
Translate
Change font size
