Page 28 - Craftcil Feb 2024

feature - 57th IHGF Delhi Fair - Spring 2024

Key Policies and Initiatives: Numerous governmental
endeavors, including the National Solar Mission, Circular Economy
in Textiles, and the Ekta Mall Initiative, are geared towards fostering
sustainability and circular economies. Additionally, the RAMP
scheme endeavors to assist MSMEs in the adoption of eco-friendly
practices while addressing payment-related challenges.

Key points discussed by Mr. Noel Alexander Peters:
Mr. Noel Alexander Peters, Independent Consultant
Carbon Footprint: Discussion on the carbon footprint,
highlighting the significant emissions from the textile industry Challenges and Opportunities: Identification of challenges
and its contribution to global greenhouse gas emissions. in transitioning to circularity and opportunities for innovation
and sustainable growth.
Handicraft Industry in India: Insights into India's vibrant handicraft
sector, employing millions and contributing significantly to global Sustainability of Wood Products: Discussion on the
exports. sustainability of wood products, highlighting their role as
renewable resources and carbon sinks.
Circular Economy vs. Linear Economy: Comparison
emphasizing the importance of regenerating products for reuse Circular Business Models: Introduction to various circular business
in the production cycle. models prioritizing resource efficiency and environmental

sustainability.
Sustainability in the Textile Value Chain: Importance of
integrating sustainability principles in the textile industry to reduce EU Regulations: Overview of the EU's Carbon Border
environmental impact and meet consumer demand for Adjustment Mechanism (CBAM) and its role in incentivizing
sustainable products. sustainability and reducing carbon emissions.

Textile Waste Management: Strategies for effective textile India's Textile Industry: Importance of India's textile industry
waste management, including downcycling, recycling, and in the country's economy, with government policies promoting
responsible disposal to minimize environmental impact. growth, foreign investment, and employability in the sector.

28 CRAFTCIL • February 2024