India, July 21 -- The Government of India has issued a release:
In the Union Budget 2026-27, the Union Finance Minister announced the "Tex-Eco Initiative" to promote a globally competitive and sustainable textile and apparel sector. The initiative aims to support innovative technologies for the circular economy, including textile waste management, recycling, and value addition, as well as the development of recycled fibres, new materials, sustainable packaging, and other high-value products from discarded textiles, in collaboration with research institutions, Textile Research Associations, Centres of Excellence, industry, start-ups, and other relevant stakeholders.
Further, the government in view of the growing global importance of environmentally sustainable production practices including green technology adoption, recycling and waste reduction, and their anticipated benefits in terms of enhanced global competitiveness, improved market access, enhanced environmental & economic resilience, and strengthened investor confidence, a number of initiatives have been taken:
The Government's approach combines support for technology development, research and innovation, to strengthen demand for sustainable and recycled textile products. Together, these are aimed at improving resource efficiency and environmental performance across the textile value chain while enhancing the global competitiveness of Indian textiles and apparel.
This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA MARGHERITA in a written reply to a question in Lok Sabha today.
Disclaimer: Curated by HT Syndication.
