1. IDH-Vietnam MoU on Sustainable
Development of Textile-Footwear Sector
The
Netherlands-based Sustainable Trade Initiative (IDH) and Vietnam’s Energy
Efficiency and Sustainable Development Department have signed a memorandum of
understanding (MoU) to promote sustainable development in Vietnam’s textile and
footwear industry. This collaboration formalizes the efforts between Vietnam's
Ministry of Industry and Trade (MoIT), IDH, and industry associations to
implement initiatives that encourage sustainability.
The
MoU aims to address challenges such as resource and energy use, environmental
pollution, and greenhouse gas emissions. By promoting sustainable models and
expanding the market for eco-friendly products, the MoU is expected to enhance
the competitiveness of Vietnamese textile and footwear enterprises and align
with Vietnam's international commitments on sustainable development and climate
change.
2. Around 12 Companies Set to
Receive First Set of Incentives from PLI Scheme for Textiles
Approximately
12 textile producers are expected to receive the first round of incentive
payments under the production-linked incentive (PLI) scheme this fiscal year.
With a budgetary allocation of ₹10,683 crore, the PLI scheme was launched in
2021 to boost the domestic manufacturing of man-made fiber (MMF) fabrics,
clothing, and technical textiles.
Despite
initial slow uptake, the Ministry of Textiles is now working on a second PLI
scheme, focusing more on apparel, with an expected budget of ₹4,000 crore. The
initiative aims to enhance India's global competitiveness in the MMF and
technical textile sectors, contributing to manufacturing items such as airbags,
bulletproof vests, PPE kits, and more.
3. Maharashtra Distributes ₹2,399
Crore Subsidy to Cotton and Soyabean Farmers in Phase 1
The
Maharashtra government has begun distributing subsidies to cotton and soyabean
farmers for the 2023 kharif season, with a total allocation of ₹2,399 crore in
the first phase. The online initiative was launched by Chief Minister Eknath
Shinde and Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar.
Under
this scheme, farmers will receive a subsidy of ₹5,000 per hectare for cotton
and soyabean crops, with a maximum limit of two hectares per farmer. This
financial support aims to provide relief to farmers facing increased input
costs and unpredictable weather conditions.
4. Climate Change Hit Over 50%
Cotton Farmers Surveyed in Maharashtra, Gujarat in 5 Years: International
Institute for Environment and Development Report
More
than 50% of cotton farmers surveyed in Maharashtra and Gujarat have experienced
significant or complete crop loss due to floods and droughts over the past five
years, according to a report by the International Institute for Environment and
Development (IIED) and the All-India Disaster Mitigation Institute (AIDMI). The
survey, which involved 360 farmers, revealed that two-thirds have been facing
longer dry spells, higher average temperatures, and increased instances of
extreme heat, impacting their cotton yields.
Note: Textile Sphere brings you news from reliable sources.
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