The rise in disposable income and rising fashion requirements of the current generation demands the need of a new system for the textiles economy. According to the report, ‘A new textiles economy: Redesigning fashion’s future’ – the change can be brought with a new vision, which sets out reforms based on the principles of a circular economy. The revolutionary reform would reduce negative impacts and capture a USD 500 billion economic opportunity by modifying the way clothes are designed, sold, and used. In such a model, clothes, fabric, and fibres re-enter the economy after use and never end up as waste. The vision can be fully accomplished after the acceptance of the four reforms that would create better economic, environmental, and social outcomes, capitalizing opportunities missed by the current linear textiles system.
- Completely remove the use of substances of concern and microfibre release, by aligning industry efforts and coordinate innovation to create safe material cycles.
- By changing the way clothes are designed, sold and used. This would help to break free from their increasingly disposable nature, by scaling up closing rental schemes; increasing durability and clothing utilisation through brand commitments and new policy.
- Primarily improve recycling by transitioning clothing design, collection and reprocessing; carrying on innovation to improve the economics and quality of recycling; stimulating demand for recycling materials; and implementing clothing collection at scale.
- Efficient use of resources and shift towards renewable inputs.
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Date: Dates to be announced soon.
Bombay Exhibition Centre (BEC), Mumbai
Pragati Maidan, New Delhi