By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Latest World News UpdateLatest World News UpdateLatest World News Update
Notification Show More
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
Reading: Indian textile industry leaders discuss EU compliance challenges and opportunities for sustainable growth – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Indian textile industry leaders discuss EU compliance challenges and opportunities for sustainable growth – World News Network
Business

Indian textile industry leaders discuss EU compliance challenges and opportunities for sustainable growth – World News Network

worldnewsnetwork
Last updated: November 7, 2024 12:00 am
worldnewsnetwork
Share
5 Min Read
SHARE

Bengaluru (Karnataka) [India], November 7 (ANI): The textile industry leaders on Thursday discussed the increasing importance of the European Union (EU) market for India’s textile and apparel exports during a workshop organised by the Confederation of Indian Textile Industry (CITI).

During the workshop hosted in Bengaluru, the experts presented a thorough overview of European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) and HRDD (Human Rights Due Diligence) frameworks, emphasising transparency, accountability, and the integration of human rights and environmental sustainability into business operations.

Experts highlighted that these regulatory changes not only pose compliance challenges but also present opportunities for manufacturers to enhance their competitiveness by adopting more sustainable practices.

For context, CSDDD is a new EU law that imposes binding obligations on corporate giants to check their global value chains for human rights and environmental risks and harms.

The discussions focused on critical elements of sustainable and responsible business practices within the textile and apparel sectors.

The workshop kicked off with an insightful opening by Chandrima Chatterjee, Secretary General of CITI, who welcomed industry professionals and underscored the growing significance of aligning with global standards to stay competitive.

The event, titled “HRDD, CSDDD, and Chemical Compliance Workshop – Bengaluru,” aimed to empower Indian suppliers to navigate the evolving regulatory landscape, particularly the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) and Human Rights Due Diligence (HRDD).

Rakesh Mehra, Chairman of CITI and Banswara Syntex Ltd., stressed the need for businesses to adapt to emerging regulatory frameworks, highlighting the increasing trend toward integrating responsible practices into business operations worldwide.

H.S. Devaprasad, Regional Chairman of CMAI-SR, offered his perspectives on the evolving due diligence landscape, urging Indian suppliers to proactively engage with these changes to secure their place in the international market.

Participants actively engaged in conversations about the complexities of compliance costs and the need for practical solutions. A key takeaway was the creation of a platform for suppliers to discuss challenges, share concerns, and gain access to valuable resources that would help them stay ahead of the curve.

In the technical session, Mousumi Sarangi, Country Manager India and Coordinator of Supplier Engagement at Fair Wear Foundation, and Annabel Meurs, Associate Director at Fair Wear Foundation, provided indepth insights into the CSDDD and HRDD frameworks.

The experts explained how these regulations are poised to become a global standard, with an emphasis on integrating due diligence practices into business strategies. One of the most engaging discussions focused on the future of contracts between brands and suppliers.

Panelists noted that contracts would increasingly incorporate mandatory due diligence clauses, urging suppliers to be proactive in negotiating these terms to ensure greater transparency in their business dealings.

The participants raised critical questions about the global application of these regulations, and the experts confirmed that although initially applicable to the EU markets, these regulations are expected to set a global benchmark. Suppliers were encouraged to stay informed, master due diligence terminology, and prepare for a regulatory environment that will shape the future of global commerce. The evolving role of retailers, particularly large platforms, was also highlighted, with emphasis on their responsibility in ensuring compliance with these new frameworks.
In his closing remarks, Balaji Rajagopalan, Regional Secretary-South Region at the Clothing Manufacturers Association of India (CMAI), reiterated the importance of collaboration between brands, suppliers, and retailers in ensuring the successful implementation of these frameworks, stressing that only by working together can sustainable and responsible business practices be integrated into the industry. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

India’s increasing oil demand attracting global players: S&P Global Commodity Insights – World News Network

136 Vande Bharat trains serving aspirational Indians with modern comfortable rail travel – World News Network

CII urges Finance Ministry for measures to boost consumption in Union Budget 2025 – World News Network

Navi Mumbai airport closer to readiness: Successfully conducts first flight validation test – World News Network

Mahakumbh boosting local economy besides being a spiritual event – World News Network

Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Israeli Winery Releases ‘President Trump’ Wine – World News Network
Next Article “Congress toppled elected govts”: Rajasthan CM Bhajanlal Sharma hits back at Rahul Gandhi – World News Network
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

- Advertisement -

Latest News

BGT1 2024-25: Bumrah overtakes Kapil Dev to reach stunning milestone on Australian soil – World News Network
Sports December 29, 2024
Jazirah Aviation Club light plane crashes, killing two – World News Network
World December 29, 2024
Jordan condemns incursions into Al Aqsa Mosque, holds Israel responsible – World News Network
World December 29, 2024
UAE expresses solidarity with Korea, conveys condolences over plane crash victims – World News Network
World December 29, 2024

Sports

Nitish Reddy’s father “proud” after son’s game-changing hundred, hopes for “many more” – World News Network
Sports
HIL 2024-25: Coach Altenburg eyes unique “playing style and identity” for Vedanta Kalinga Lancers – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Science
  • Sports
  • Tech
  • Videos
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Press Release
  • Press Release Distribution Packages

Entertainment

From ‘Stree 2’ to ‘Inside Out 2’: Check out highest grossing films of 2024 – World News Network
Entertainment
From ‘Stree 2’ to ‘Inside Out 2’: Check out highest grossing films of 2024 – World News Network
Entertainment
Latest World News UpdateLatest World News Update
Follow US
Copyright © 2023 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?