11 May 2022, Mumbai:

INDIA’S APPAREL & TEXTILE EXPORTS CAN BENEFIT FROM THE SRI LANKAN CRISIS.

Indian apparel makers' revenues have been growing 16-18 percent because of the Sri Lanka-China crisis and robust domestic demand.

ALSO READ Srilanka Crisis: Triggers Export Demand Diverting to India

As Sri Lanka reels under the ongoing economic crisis, Tiruppur-based garment exporters are expecting that international apparel buyers might shift their orders to India, Tiruppur in particular. A few garment units in Tiruppur have received some orders and inquiries already, but no significant shift in orders has taken place yet, they said.

“This is a bright chance that has opened up for India,” he told *The Hindu, adding that the shifting of a substantial portion of the orders will depend on the policy decisions, taken by the Sri Lankan government.

RELEVANT NEWS Tirrupur Garment Exporters Likely To Get More Orders As SRILANKA Stares Economic Crisis

According to a Tamil Nadu exporters association representative, the economic crisis in Sri Lanka may assist the Indian garment sector to a modest degree. Still, the reduction of import duties on cotton will transform the industry's fortunes.

Raja A. Shanmugham, President of the Tiruppur Exporters Association (TEA), has stated that Sri Lankan garment businesses with manufacturing facilities in India may fulfill orders. The production of hosiery goods for export in Sri Lanka has been hampered by many hours of power outages, diesel shortages, and people suffering from high food prices.

Due to high cotton and yarn prices, there may not be a large influx of orders for units in Tiruppur. For example, international brands may relocate their sourcing to Bangladesh and Vietnam, as IANS spoke with Shanmugham. The Sri Lankans notified the authorities that they couldn't afford the necessities since their costs had risen beyond their means.

RELEVANT NEWS Apparel Makers' Revenues Keep Growing Owing To Srilanka-China Crisis

They were sent to a transit camp in Mandapam, Ramanathapuram district, near Rameswaram. The Chief Minister of Tamil Nadu, M.K. Stalin, requested that Prime Minister Narendra Modi allow the state government to give Sri Lankan Tamils necessities and life-saving medications.

As Sri Lanka continues to suffer from its most significant economic crisis, countries purchasing textile products are increasingly turning to Indian exporters, according to a Ministry of Textile official on Friday.

Some nations that previously imported from Sri Lanka have begun contacting India since Sri Lanka is experiencing its worst economic crisis, UP Singh, Secretary, Ministry of Textile, told ANI.

Companies in the Tirupur district have already received some orders. Buyers are already making inquiries with Tirupur Exporters Association and other areas in India since the situation in Sri Lanka is severe, as mentioned by A Sakthivel, President, Federation of Indian Exporters Organization.

Some inquiries may become orders. This is an excellent opportunity. We are in good conversations, and we expect some orders to be diverted from Sri Lanka to India. According to him, Indian exporters receive inquiries from the United Kingdom and European Union countries.

RELEVANT NEWS According to the CII, India's textile exports may increase by $10 billion if the sector obtains 1% market share from China

Since the outbreak of the COVID-19 epidemic, Sri Lanka's economy has been in free fall, resulting in the collapse of the tourism sector. Sri Lanka is also dealing with a crisis, which has hampered its ability to import food and gasoline.

Sri Lanka was compelled to seek aid from friendly countries due to a lack of vital products.

Rupee depreciation and incentive schemes also drive exports.

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09 May 2022, Mumbai:

The government has announced operating instructions for the PM Mega Integrated Textile Region and Apparel (PM MITRA) parks program. The state government would transfer land to a Special Purpose Vehicle, a legal body having 51 percent state ownership and 49 percent center equity.

ALSO READ Textiles Ministry holds National Conference on PM MITRA Parks Scheme

According to the textile ministry's instructions, the parks' locations will be chosen based on five criteria: proximity to the site, existing textile ecosystem, utility availability, etc.

The distance from the nearest highway, the distance from air cargo, the distance from the airport/railhead, the distance from the inland waterway, and the distance from the multimodal logistic park will all be given a 25% weighting.

Similarly, the current textile ecosystem, such as distance from an existing textile cluster, availability of raw materials and trained workforce suited for the textiles sector, and the presence of skill development institutes, would be weighted at 25%.

The availability of a good quality power source at the site to enable the construction and operation of the park, confirmation of a power distribution license for the Master Developer for the parking area, and approval for open access sourcing of power will each receive a 20% weighting.

RELEVANT NEWS PM MITRA Park: States are working hard

The MITRA parks have a five-year budget of Rs 4,445 crore.

Textiles are targeted explicitly under the PLI plan for high-value man-made fiber (MMF) and technology textiles.

Manufacturing recognized items would receive incentives totaling Rs 10,683 crore over five years. TUFS was a credit-linked subsidy program designed to modernize and upgrade the Indian textile industry's technology.

The Amended TUFS, with a budget of 5,151 crores, was implemented to enable and support micro, small, and medium companies.

RELEVANT NEWS Darshana Jardosh: PM MITRA proposals under evaluation

The ministry of textiles also authorized the rationalization and continuation of the Integrated Wool Development Programme (IWDP) from 2021-22 to 2025-26, with a total budget of 126 crores this year.

Domestic textile and garment output is about $140 billion, with textile and apparel exports around $40 billion. In 2019, the textile and clothing sector contributed 2% to the country's overall gross domestic product (GDP) and 11% to total manufacturing in gross value added (GVA).

Women make up 70% of the workforce in the clothing sector and 73 percent in the handloom business.

Textile minister Jardosh recently informed parliament the parameters devised for the selection of sites for PM MITRA parks include connectivity to the site (25 percent), the existing ecosystem for textiles (25 percent), availability of utility services at the site (20 percent), state industrial/textile policy (20 percent) and environmental/social impact (10 percent).

13 State Governments present plans of 18 proposals for setting up PM MITRA Parks in their respective states. A National Conference on PM Mega Integrated Textile Regions and Apparel Park (PM MITRA) Parks Scheme was organized by the Ministry of Textiles on 4th May 2022.

RELEVANT NEWS

As the process of awarding the Mega Integrated Textile Region and Apparel (PM MITRA) park accelerates, many states are stepping up their efforts to secure the park. Under the Ministry of Textiles' ambitious plan, seven parks will be built (MoT).

It's worth noting that several Indian states are eager to host this park. Gujarat and Tamil Nadu are ahead of the pack since they adhere to the majority of the rules.

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06 May 2022, Mumbai:

Production Linked Incentive Scheme (PLI) for Textiles

The objective is to enable the Textile sector to achieve size and scale and become competitive.

Increased availability of MMF and MMF yarn will contribute to the overall growth in the textile industry using mixed fibre/yarn.

The domestic manufacturing sector faces a lack of a level playing field vis-à-vis competing nations.

ALSO READ Darshana Jardosh: Integrating the Value Chain is the need of the Hour

The sector suffers disability on account of a lack of adequate infrastructure

domestic supply chain and logistics

high cost of finance

inadequate availability of quality power

limited design capabilities 

focus on R&D by the industry

inadequacies in skill development etc

RELEVANT NEWS Production Linked Incentive (PLI) Scheme for Textiles: Operational guidelines issued

The government had approved the PLI scheme for Textile products like MMF apparel, MMF fabrics, and products of technical textiles for enhancing manufacturing capabilities and boosting exports with an approved financial outlay of Rs 10,683 crore over a five-year period.

The PLI scheme for textiles covers 40 man-made fibre (MMF) garment items, 14 MMF fabric goods, and 10 technical textile products.

The spokesperson from the Ministry of Textiles, “We have taken a number of steps to promote the growth of the technical textile sector. There has been a very good response for the PLI scheme”.

Economic Survey 2022 has estimated the production-linked incentive (PLI) scheme will result in a fresh investment of Rs 19,000 crore in the textile sector over the next five years.

This could result in a cumulative turnover of over Rs 3 lakh crore and create over 7.5 lakh additional job opportunities in this sector. The textile industry is the second-largest employment generator in the country, next only to agriculture.

RELEVANT NEWS The deadline for applying for the PLI scheme has been extended once more

“In the last decade, close to Rs 203,000 crore have been invested in this industry with direct and indirect employment of about 105 million people, a major part of which is women,” the survey said.

Despite being deeply affected by the lockdowns, the industry has shown remarkable recovery, as reflected by the Index of Industrial Production of 3.6 percent from April-October 2020.

The composition of the EGoS for monitoring PLI for Textiles was as under

Cabinet Secretary, Chairperson

1. CEO, NITI Aayog, Member

2. Secretary, Department for Promotion of Industry and Internal Trade, Member Convenor

3. Secretary, Department of Commerce, Member

4. Secretary, Department of Revenue, Member

5. Secretary, Department of Economic Affairs, Member

6. Secretary, Ministry of Textiles

The EGoS chaired was by the Cabinet Secretary to monitor the progress of this PLI scheme; undertake periodic reviews of the outgo under the Scheme; ensure uniformity with other PLIs, and take appropriate action to ensure that the expenditure is within the prescribed outlay.

EGoS is also empowered to make any changes in the modalities of the scheme, and address any issue related to genuine hardship that may arise during the course of implementation, within the overall financial outlay of Rs 10,683 crore.

RELEVANT NEWS Textile PLI Sops: The list making the cut for it

The list-making the cut for it is

Monte Carlo Fashions Ltd, Arvind Ltd, Trident Ltd, and Kimberly Clark India Pvt. Ltd including Ginni Filaments is among 61 Indian textiles companies that have qualified for the government’s ambitious production-linked incentive (PLI) scheme for the sector.

The Union Government today (Apr 14) said it has approved 61 applications with an investment potential of over Rs 19,000 crore under the production linked incentive (PLI) scheme for textiles. Textile Secretary U.P. Singh said that a total of 67 proposals were received under the PLI scheme for the textiles sector.

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11 May 2022, Mumbai:

The coronavirus epidemic caused a 3% decline in worldwide trade values in the first quarter of 2020. COVID-19 can cause the worst economic downturn since World War II, hitting every industry from banking to hospitality.

Given the ambiguity surrounding the epidemiological and economic conditions, estimating the pandemic's duration and severity appears to be an impossible undertaking.

COVID-19 caused the most significant supply chain disruption in industries with more worldwide operations (especially those that rely on Chinese supplies for production).

ALSO READ

Precision devices, machinery, automobiles, and communication equipment were all affected. The fashion sector confronts enormous dangers due to its non-essential character.

Indeed, as a result of COVID-19, customers worldwide are no longer in need of new items. A highly integrated worldwide supply network characterizes this business.

Many developing nations play the function of low-cost input providers in it, and difficulties that some of these nations confront, which rely on textile and garment exports.

RELEVANT NEWS

The world has shrunk as a result of economic globalization. The COVID-19 epidemic has swiftly spread over the world due to increased commerce, capital, and labor flows, which is the most notable change compared to any prior global public health disaster. As the epidemic develops, more countries are closing their borders to stop viral transmission successfully.

The COVID-19 situation has caused governments to reconsider their roles in GVCs and the dangers that go along with them.

In addition, post-pandemic GVC reconfiguration is projected to increase since several nations and multinational firms are exploring a move to economic detachment and self-developed value chains, resulting in GVC instability and the danger of GVC migration.

The pandemic has severely disrupted the global garment value chain, owing to direct impacts of illness on factory employees, the lower output of commodities required to manufacture clothes (cloth, thread, etc.), and decreased demand apparel in high-income nations.

The worldwide COVID-19 epidemic has spurred the 'China Plus One' supply chain diversification plan, providing chances for Indian players.

China's strategic change towards manufacturing high-value goods from low-value goods is evident in both inter-sector, such as the shift to capital goods from footwear, and intra-sector, such as the shift to man-made fibers from home textiles or cotton apparel.

RELEVANT NEWS According to the CII, India's textile exports may increase by $10 billion if the sector obtains 1% market share from China

Developing countries suffer disproportionately in terms of profitability, salaries, job stability, and employee safety. Women in the garment industry have been affected particularly hard because they make up the majority of the workforce and because they have been subjected to increased unpaid care work and a higher risk of gender-based violence.

The shifting importance of China's manufacturing sector in the global export value chain is creating opportunities for Indian businesses.

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07 May 2022, Mumbai:

Buttons are imported from China and Hong Kong, where the more trendy wooden or engraved buttons are created by apparel manufacturers worldwide, including India.

Plastic and nylon buttons are primarily produced in India.

The industrial-grade thread they use is made in India by Madura Coats in Chennai.

ALSO READ Grasim Industries: Rise in input cost compels hike in VSF prices

This, according to Ravi Kishore, former director of the Apparel Export Promotion Council, is symptomatic of India's dispersed and fractured textile supply chain, which raises transportation costs and lengthens production lead times. As a result of all of this, the sector cannot compete with Bangladesh and Vietnam.

In 2022, most fashion players will be on shaky ground, as an unreliable and unpredictable recovery will force them to either improve their game or risk consolidation or insolvency.

Indeed, many of the benefits projected next year are likely to be outweighed by global economic recovery pains and disruptions, forcing decision-makers to take measures to keep enterprises stable.

RELEVANT NEWS IKEA (Ingka Group) hikes prices as supply chain woes continue unabated

Customers, workers, contractors, investors, and the general public want fashion firms to operate in their best interests. Many brands will emphasize circular business models, greener resources, and more environmentally friendly technology.

The textiles and garment sector plays a significant role in the Indian economy in terms of employment, value contributed, and export revenues. Except for the spinning industry, the industry is dominated by tiny, fragmented, and non-integrated entities.

Large units dominate spinning section output, which has undergone significant modernization at a quick pace.

RELEVANT NEWS Apparel retailers to have a tough year ahead: Analysts, ICICI Securities

In recent years, there has been a step toward consolidation and integration with the value chain upstream and modernization in categories such as clothing. The ginning, weaving, and processing industries lag in terms of modernity.

Over time, the power loom sector has grown dominant within the weaving industry.

According to the Ministry of Commerce, India's exports have dropped 20% from 2016-to 17 to $29 billion in 2020-21.

According to Wazir Advisors, the domestic market fell 30% last year, to $75 billion in 2020-21. The industry is expected to increase to $190 billion by 2025-26.

Growth is critical since the textile industry provides between 2% to 3% of India's GDP, 7% to industrial production, and 12% to export profits and employs over 45 million people.

RELEVANT NEWS Mitra, principal chief adviser, West Bengal :GST hike for man-made fibre (MMF), Textiles to hit MSMEs & dampen demand

According to producers, many goods created with these materials, such as sportswear, knitted shirts, and woven tops, are not covered by the HSN codes in the plan.

A Harmonized System of Nomenclature code is a six-digit number categorizes over 5,000 goods worldwide.

An up to 80% spurt in cotton prices in the past one year has pressured margins of textile and garment firms. This, combined with the persistent inflationary forces T&A sector has been hit hard by job losses and rising living.

But a section of the industry feels that the rate hike would dampen demand given that prices to end consumers could rise as the industry passes on the higher tax. Three-fourths of the domestically produced textile items are sold in the domestic market.

“The million dollar question is if a cost-benefit analysis has been done?".

The cost of sticky inflation is a massive closure of units, particularly small and medium units, (which will give rise to) unemployment as the inflation starts to bite common more than anybody else at this juncture and potentially hurting the demand especially of non-discretionary items given that Russia-Ukraine war end is not in sight.

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05 May 2022, Mumbai:

Women’s innerwear to reach $8.5 billion in FY25. As per a Wazir Advisors’ report, the women’s innerwear segment is estimated to grow from $4.4 bn-$8.5 bn in FY25.

It is the fastest-growing segment in the women’s apparel market & is superseded by only ethnic wear in terms of market size, adds the report.

ALSO READ Reliance Retail’s acquisition of Clovia signals India’s growing innerwear market

With increased disposable income, and changing consumer behavioral patterns, the segment is expected to maintain its current growth rate.

With most retail outlets closed & limited fitting room facilities, the sales of lingerie in physical outlets have been affected drastically during the pandemic.

However, the demand for more WFH comfort outfits & zero feel products through e-commerce has been demanding during the pandemic period.

Increased demand from Tier II & III cities has boosted women’s innerwear sales almost 5x.

RELEVANT NEWS Freecultr, D2C innerwear brand raises funds from Sixth Sense Ventures etc

A May’21 report by consulting firm RedSeer says, the women’s innerwear market in India currently stands at $7 bn & constitutes 9% of the total apparel market. More consumers in smaller towns such as Salem, Dindigul, Erode, etc are moving to online platforms to buy innerwear due to closed shops, and rising work from home culture, says the report.

Brand Zivame generates 90% of its business from its digital platform. Of this, 50% of business is generated from Tier III & IV cities like Panchkula, Udaipur, Vellore & Nagpur. Demand for the brand’s innerwear items like comfy bras, underwear, multi-purpose sleepwear & loungewear is rising, says the report.

About 30% of the women’s innerwear market in India is driven by metro cities. RedSeer expects, the online female innerwear market is expected to reach around $11-$12 bn by 2025.

Enamor’s core lingerie business has increased to 25% of total business on the back of online sales. Online lingerie store Clovia’s sales of innerwear/ancillaries grew 95% from Oct 2020-May’2021. The brand is seeing increased demand from non-metros over the last few months, adds Pankaj Vermani, CEO.

Currently leading fashion houses, corporates, and emerging powerhouses are an insight to capture the big opportunity it presents & the market opportunity is only getting bigger.

A case in point is

Reliance Retail made its 3rd acquisition in the women’s innerwear space in March’22. Through this acquisition, it aims to fix the price point discrepancies in the market & through this acquisition it aims to fix the price point discrepancies in the market.

RELEVANT NEWS Women’s innerwear sales rise five times on demand from smaller cities

India’s leading brand for women’s activewear, innerwear, loungewear & personal care Clovia recently forayed into new markets with the launch of its 10 new stores, amidst the receding COVID 2nd wave.

Puma brand also plans to enhance its women’s portfolio by adding jogger pants, bra tops & jackets to the range.

Highpoints of trade

Rupa & Co’s in-house brand Softline Womenswear has signed up Kiara Advani as its brand ambassador.

Innerwear brand Bodycare Creations will be the official sponsor for Punjab Kings for the ongoing season of the IPL.

More than just brands, lingerie companies are focusing on acquiring online portals as offline brands are unable to increase revenues after a certain point, says Ramesh Agarwala, CFO & ED, Rupa & Co. Offline brands mainly lack proper distribution facilities, adds Agarwala.

They are also unable to display their entire product range in the limited space offered by offline stores. Hence, online is the best way to sell women’s innerwear, he adds.

RELEVANT NEWS Lingerie Brands: Resale, recycle programs to curb waste

Not only that many underwear brands, launched as a single category underwear brand before expanding into bralettes/a full range of loungewear thus are looking to establish their selves as the go-to destination for expressive basics.

Also, Brands are striving to ride on the bandwagon of fast-growing DTC brands' alley & Clovia has been one of the key players in this space.

Brands are increasingly offering seamless & comfortable underwear that prioritises recycled, sustainable fabrics, creative self-expression & eco-friendly packaging.

Besides labels are trying to ensure all raw materials are chemical-free, anti-microbial, and 100% bacterial-free.

Innerwear is evolving from being only a functional segment to a fashion one, while also shifting to be a brand-sensitive category from a price-sensitive one.

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08 May 2022, Mumbai:

Energy and commodity prices have risen due to the Ukraine conflict, putting a damper on UK economic activity. Rising prices would exacerbate already-high UK inflation, which is forecast to reach a four-decade high of 8.5 percent in April, up from the Winter Forecast's prediction of 7.2 percent.

Statistics predict that inflation will remain close to 6% by the end of 2022 and will not return to the Bank of England's 2% objective until late 2023.

ALSO READ Persistent Inflationary Forces Playing Out & Its Impact On T&A

While wealthy and low-income families have lately enjoyed equal inflation levels, the upcoming 54 percent increase in typical residential energy costs in April implies lower-income households might see inflation of approximately 10%, according to the estimate.

If the experiences of worshippers like Shekhar M Shetty are any indication, even the gods are being singed by inflation. Faced with escalating prices on almost everything, the 68-year-old entrepreneur has reduced his offers to the sublime.

India's headline retail inflation exceeded the Reserve Bank of India's upper tolerance limit of 6% for two consecutive months, February and March (RBI).

RELEVANT NEWS Retail inflation up at 4.9% in Nov.,2021, while clothing inflation rose close to 8%

In March, consumer price index inflation hit a 17-month high of 6.95 percent, up from 6.1 percent in February. Both figures are concerning since they exceed the acceptable inflation range of 2-6 percent and do not bode well for an economy that is only now recovering from the Covid-19 outbreak.

Increased costs are wreaking havoc on the global economy, raising worries of a recession.

Inflation has been vital in the United States, Europe, and Japan.

Experts feel that the Russia-Ukraine conflict and China's COVID-19 shutdowns are raising the possibility of a recession. Prices for commercial cylinders of liquefied petroleum gas (LPG) increased by Rs 250 in April.

In Delhi, a 19-kg commercial cylinder costs Rs 2,253, while in Mumbai, it costs Rs 2,205. In Delhi, a 14.2-kg non-subsidized LPG cylinder costs Rs 949.50. CNG and PNG prices have also increased.

Concerns over the falling supply in Russia, which has been sanctioned, pushed up global oil prices on Wednesday.

RELEVANT NEWS Apparel brands & Retailers reluctant to take price hikes

Fears of a supply shortage have arisen due to Moscow's announcement that peace negotiations with Russia had reached a stalemate. At 0053 GMT, Brent oil futures were up 59 cents, or 0.6%, to $105.23 a barrel, while US West Texas Intermediate (WTI) crude futures were up 60 cents, or 0.6%, to $101.20 a barrel.

In 2022, most fashion players will be on shaky ground, as an unreliable and unpredictable recovery will force them to either improve their game or risk consolidation or insolvency.

Indeed, many of the benefits projected next year are likely to be outweighed by global economic recovery pains and disruptions, forcing decision-makers to take measures to keep enterprises stable.

Indian Consumers are typically bargain hunters, looking at buying cheaper clothes as inflation crimps/leaving a hole in their pockets the budgets of many households especially as they are feared to downgrade down the line on the non-discretionary items as sticky inflation persists.

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06 May 2022, Mumbai:

The worldwide COVID-19 epidemic has spurred the 'China Plus One' supply chain diversification plan, providing chances for Indian players.

Furthermore, the shifting importance of China's manufacturing sector in the global export value chain is creating opportunities for Indian businesses.

ALSO READ According to the CII, India's textile exports may increase by $10 billion if the sector obtains 1% market share from China

China's strategic change towards manufacturing high-value goods from low-value goods is evident in both inter-sector, such as the shift to capital goods from footwear, and intra-sector, such as the shift to man-made fibers from home textiles or cotton apparel.

It is a business strategy that avoids investing in China instead of expanding into other nations.

In other words, it may mean continuing to use China's resources while also including other sourcing areas with cheaper salaries into the mix.

Two tactics are gaining traction in this regard.

RELEVANT NEWS Apparel Makers' Revenues Keep Growing Owing To Srilanka-China Crisis

The first is to use a business with fewer suppliers to simplify the supply base in the current sourcing base substantially. The second is to expand the number of reputable suppliers in fewer countries.

The objective is to continue creating flexibility and dual sourcing choices by strengthening strategic supplier relationships across the matrix. China was a world leader in various industries until recently, including home textiles and cotton garments. Still, the shifting dynamics of the global supply chain have caused a significant shift in its manufacturing strategy.

RELEVANT NEWS Indian Textile Sector: Targeting $65 billion exports by 2026

In China, the manufacturing sector accounts for 30% of the country's overall economic output. China ranks first in producing over 220 of the world's more than 500 critical industrial items demonstrating its dominance in the global industrial sector.

China has become the first country to earn all of the United Nations' industrial categorization categories.

Small and medium-sized businesses and private corporations in China have played a critical role in generating employment, maintaining steady growth, and promoting innovation.

By the end of 2018, there were over 30 million small and medium businesses and over 70 million self-employed industrial and commercial families. These industries provide more than half of the country's tax income, 60% of GDP, 70% of technical advancements, and employ more than 80% of the workforce.

RELEVANT NEWS Bangladesh (BD) RMG exports growth trajectory to the US overshadows China & Vietnam

Things have begun to shift in recent years as the country's economy has changed.

Chinese employees' salaries have quadrupled in the previous ten years, driving corporations to look for new markets where worker wages are still cheap. Because of demographic fluctuations, labor expenditures have increased.

China is an elderly country whose one-child policy has hindered the supply of the next generation of employees.

RELEVANT NEWS COP 26: Need to re-imagine the roles of (RMG) apparel industry & policy makers

Leveraging the China Plus One strategy India’s textile industry has been growing on rising home textile exports and favorable geopolitical undercurrents encouraging countries to adopt the China Plus One sourcing strategy.

Recent geopolitical developments such as COVID-19 have intensified the need for global diversification for these countries, as per a CII-Kearney study. To benefit from growing development, India needs to grow exports by $16 billion, urges the study.

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04 May 2022, Mumbai:

People have begun to critique the immoral concerns involved with the usage of animal products as their ethical consciousness has grown.

This research looked at how worldwide consumers are becoming more aware of vegan materials and the link between interest in moral themes, including animals, the environment, and vegan materials.

ALSO READ LVMH & Kering: PETA takes aim at luxury industry

Consumers came to associate animal products like fur and leather with issues like animal rights, animal cruelty, and animal protection over time.

The problem of inhumane animal killing for fashion materials like fur and leather has long been controversial in the modern fashion industry.

Furthermore, it has been criticized that industrial production takes precedence over animal welfare. The worldwide fur business, worth more than $40 billion, has been under fire in recent years for its brutal practices.

RELEVANT NEWS Online shoppers move away from discounts focus on safety and quality

The majority of fur and leather items are produced through factory breeding, in which animals are kept in cramped, filthy cages before being ruthlessly butchered.

Alligators, whose skin is used to make handbags, are reared in a single tank, imprisoned, and slain when they reach the age of three by being shot or flogged. As a result, it takes three to four alligators to manufacture a single handbag.

Furthermore, such animal goods have environmental implications since the production of fur coats by factory breeding consumes twice as much energy as the production of fake fur coats, and harsh chemical procedures are used to keep the fur and leather from decaying in closets.

RELEVANT NEWS Alia Bhatt: PETA 2021, Person of the Year

The luxury market's interest in environmental conscience has led to a trend in the fashion business of using faux fur in high-end designs [2]. Furthermore, several high-end labels, including Burberry, have recently outlawed the use of animal fur.

In 2018, even one of the four primary fashion weeks, London Fashion Week, denied fur; Helsinki Fashion Week and Stockholm Fashion Week followed suit, prohibiting fur and exotic skin.

Due to the demands of vegetarians, Tesla, a vehicle manufacturer, has begun to utilize synthetic leather rather than natural leather.

RELEVANT NEWS Lakme Fashion Week & PETA India, Indian fashion designers pledge to go leather-free on the World Fashion Day

Furthermore, the use of synthetic leather has risen in various industries, including the shoe and automobile industries.

Meanwhile, while vegan material addresses the issue of animal ethics, the challenge of the creation and disposal of composite materials that pollute the environment has remained a source of worry. As a result, this study falls within the subject of ethical fashion and tries to establish customers' attitudes on fake fur and leather, considering both the environment and animals.

Several environmental and ethical concerns have been highlighted in the apparel and textile business across the supply chain.

The investigation begins with the excessive use of land, water, and pesticides in producing natural fibers, mainly cotton.

So, we need to consider our environment and save the animals, who are slowly becoming extinct.

We own the responsibility to protect them and not use them for our benefit, as it is not ethical.

Our friends need us, and a little empathy would help us save many innocent lives and help us live together in this environment safer and healthier.

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