To create a report on the requirements & actions done by the clothing & textile units on Environment, Social, & Governance (ESG), the Central government has hired a consultant.
The Tiruppur Exporters Association met with Joint Secretary Prajakta L. Verma on Friday in New Delhi, where the delegation gave an overview of the industry’s initiatives in Tiruppur. This includes planting saplings, investing in renewable energy, operating common effluent plants for zero liquid discharge, and moving towards carbon neutrality.
The industry said that rival nations like China and Bangladesh were adopting various actions in response to the European Union’s announcement that 50% of textile imports by 2030 should adhere to ESG standards. In addition to announcing a separate HS code for clothing that complies with ESG standards, the Indian government ought to host meetings in major US & EU cities to outline the initiatives undertaken by the Tiruppur cluster & offer financial incentives to businesses that invest in ESG initiatives in order to make them competitive in the global market.
The industry said that rival nations like China & Bangladesh were adopting various actions in response to the European Union’s announcement that 50% of textile imports by 2030 should adhere to ESG standards. In addition to announcing a separate HS code for clothing that complies with ESG standards, the Indian government ought to host meetings in major US and EU cities to outline the initiatives undertaken by the Tiruppur cluster & offer financial incentives to businesses that invest in ESG initiatives in order to make them competitive in the global market.
