India's textile industry, valued at $175 billion, is moving towards greener practices to reduce its carbon footprint. Aiming to reach $300 billion by 2030, the sector is embracing biodegradable materials, recycling initiatives, and energy-efficient technologies
India's textile sector, a cornerstone of the economy, is accelerating its shift towards sustainability as concerns mount over the global textile industry's 10 percent share of carbon emissions. Leaders in the field are calling for a balance between economic growth and environmental responsibility, with a focus on making India a global hub for sustainable textiles.
At a recent summit hosted by Assocham in New Delhi, key figures emphasised the importance of sustainable practices. Pabitra Margherita, Minister of State for Textiles, outlined the government's vision to integrate growth with social responsibility, positioning India as a global leader in sustainable textile production.
Government initiatives like the ESG task force, the PLI scheme, and the National Technical Textile Mission were highlighted as vital to transforming the industry. Margherita stressed the need for biodegradable materials and garment recycling as crucial steps in this direction.
Rohit Kansal, Additional Secretary, Ministry of Textiles, revealed that the sector is projected to reach a $300 billion valuation by 2030, with $100 billion in exports. He identified key growth drivers, including automation, digitisation, and the circular economy, which aims to reduce textile waste, currently the third-largest contributor to municipal waste.
Leaders from across the textile industry showcased technological advancements aimed at reducing environmental impact. M S Dadu, Chairman of Assocham Textiles, pointed to innovations like waterless dyeing and energy-efficient garment production as pivotal steps towards global leadership in sustainable textiles.
Milind Hardikar, Co-chairman of Assocham Textiles, noted that adherence to ESG principles is becoming a key focus for the sector. Meanwhile, Ajay Sardana of Reliance Industries highlighted the industry’s significant progress, including the recycling of 93 percent of PET bottles into premium polyester garments, demonstrating India's commitment to circular economic practices.
As the textile industry continues to grow, its leaders remain determined to steer it towards a future where economic expansion goes hand-in-hand with environmental stewardship.