- IndiaTex is launched at BHARAT TEX 2024, one of the largest-ever global textile events organized in India.
- IndiaTex is a four-year (2023-2027) United Nations Environment Programme (UNEP) project.
- It is a part of the One UNEP Textile Initiative.
- This initiative provides strategic leadership and encourages sector-wide collaboration to accelerate a just transition towards a sustainable and circular textile value chain.
- It is a part of the One UNEP Textile Initiative.
- About IndiaTex
- Objective: Accelerate the transition of the Indian textile sector towards circularity.
- Implementation: In collaboration with Ministry of Textiles.
- It will be funded by Denmark's Ministry of Foreign Affairs.
- It is based on 3 key concepts:
- Eco-innovation: Guides Small and Medium Enterprises (SMEs) in incorporating circularity and resilience into every aspect to reduce the environmental and social impact of human activity.
- Product Environmental Footprint (PEF): PEF measures the environmental performance of a good or service throughout its life cycle (European Commission).
- Circularity: Based on principle Reduce by design, as well as value-retention processes: Reduce, Reuse, Refurbish, Repurpose, Recycle, etc.
- Benefits for India: Will improve the textiles sector’s competitiveness and market access.