Hans-Joachim Fuchtel, Parliamentary State Secretary in the Federal Ministry for Economic Cooperation and Development of the Federal Republic of Germany and Chairman of the Board of Governors of the Asian Development Bank said that the Indian textile and garment industries are of great importance at all levels of the value chain – given that globally. India is the second biggest producer of cotton as well as for further processing of textiles and garments. India has great potential to profit at all levels of the value chain due to the increasing demand of sustainable textiles.
Fuchtel was addressing a meeting on ‘The Partnership for Sustainable Textiles – An Opportunity for Global Supply Chains’, organised on the sidelines of the Indo-German inter-governmental consultations by FICCI and Konrad- Adenauer-Stiftung (KAS).
Germany’s Partnership for Sustainable Textiles aims to improve the conditions along the complete textile value chain. The alliance comprises more than 150 member organisations, currently covering nearly 45 percent of the German, textile retail industry and is aiming at a long-term market coverage of 75 percent.
Currently, Partnership for Sustainable Textiles is increasingly aligning itself internationally. Therefore, the Federal, Ministry of Economic Cooperation and Development as a member of Germany’s Partnership for Sustainable Textiles is implementing its targets at the levels of the EU, OECD or into the G7-Process, amongst others.
The Partnership for Sustainable Textiles is a multi-stakeholder initiative, comprising textile and clothing industry, retailers, trade unions and civil society that pool the strength and expertise of its members in order to bring about social, ecological and economic improvements all along the textile supply chain.
The aim of the Partnership for Sustainable Textiles is to bring about continuous improvement of social, ecological and economic sustainability along the entire textile chain.
Sidharth Birla, Immediate Past President, FICCI, pointed out that Indian Textiles sector is dependent on exports in a major way. India currently exports over US$ 1.8 billion of textiles and textile items to Germany annually. Hence, it is important that Indian textile industry is integrated in the global supply chain. The world today is moving fast towards the sustainable solutions and is increasingly moving towards the sustainable supply chain. Germany is the global leader in such sustainable and smart solutions, he added.
The meeting was also addressed by Lars Peter Schmidt, Resident Representative, KAS.