Textile Industry Leaders Discuss EU Market and Sustainability in Bengaluru
Textile Industry Leaders Discuss EU Market and Sustainability in Bengaluru
The textile industry leaders gathered in Bengaluru to discuss the growing importance of the European Union (EU) market for India's textile and apparel exports. The workshop, organized by the Confederation of Indian Textile Industry (CITI), focused on the EU's Corporate Sustainability Due Diligence Directive (CSDDD) and Human Rights Due Diligence (HRDD) frameworks.
Key Discussions
Experts highlighted the challenges and opportunities these regulations present, emphasizing the need for transparency, accountability, and sustainable practices. CSDDD is a new EU law requiring companies to check their global value chains for human rights and environmental risks.
Opening Remarks
Chandrima Chatterjee, Secretary General of CITI, opened the event by stressing the importance of aligning with global standards. Rakesh Mehra, Chairman of CITI, emphasized adapting to new regulatory frameworks.
Expert Insights
H.S. Devaprasad, Regional Chairman of CMAI-SR, urged Indian suppliers to engage with these changes. Mousumi Sarangi and Annabel Meurs from Fair Wear Foundation provided insights into the CSDDD and HRDD frameworks, noting their potential to become global standards.
Future of Contracts
Discussions included the future of contracts between brands and suppliers, with a focus on mandatory due diligence clauses. The regulations, initially for EU markets, are expected to set a global benchmark.
Closing Remarks
Balaji Rajagopalan, Regional Secretary-South Region at CMAI, highlighted the need for collaboration among brands, suppliers, and retailers to implement these frameworks successfully.
Doubts Revealed
EU
EU stands for the European Union, which is a group of 27 countries in Europe that work together on various issues like trade, laws, and policies.
CITI
CITI stands for the Confederation of Indian Textile Industry, which is an organization that represents the textile industry in India and helps in promoting its growth and development.
Corporate Sustainability Due Diligence Directive (CSDDD)
The Corporate Sustainability Due Diligence Directive is a set of rules by the EU that requires companies to ensure their business practices are environmentally friendly and socially responsible.
Human Rights Due Diligence (HRDD)
Human Rights Due Diligence is a process where companies check and ensure that their operations do not harm people's rights, like fair wages and safe working conditions.
Sustainability
Sustainability means using resources in a way that does not harm the environment and ensures that future generations can also use them.
Bengaluru
Bengaluru is a large city in India, known for its technology industry and is often called the 'Silicon Valley of India.'
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