Recycling cotton can help Bangladesh to save $500 mn

Recycling cotton can help Bangladesh to save $500 mn

According to a circular economy group, Bangladesh’s garment industry is able to reduce its spending by half a billion dollar by recycling cotton waste generated by fabric mills and factories.

According to a circular economy group,
Bangladesh’s garment industry is able to reduce its spending by half a billion
dollar by recycling cotton waste generated by fabric mills and factories. As
per the analysis by the Circular Fashion Partnership (CFP), the import of 1.6
million tonnes of cotton at $3.5 billion produced 250,000 tonnes of waste that
could be recycled. It was also said
that the 100% pure cotton waste could also reduce import by 15%, thereby saving
half a billion dollars.

According to
Federica Marchionni, CEO, Global Fashion Agenda, as per these findings if a
circular fashion system is followed than it will benefit both the environment
and financial sector. Holly Syrett, Senior Sustainability Manager, GFA said
that the local collectors use cotton waste to fill mattresses or export it to
other countries for recycling. She added that by segregating waste and setting
up traceability, the aim is to make the textile waste reach its highest value.

According to
GFA, the greenhouse gas emissions by the global fashion sector needs to be
reduced to half by 2030. It also said that boosting circularity and reducing
planet heating emissions work in coordination with each other.

Nin Castle, CFP
Partner, said that Bangladesh produces the maximum recyclable
textile waste as compared with any other apparel-producing country. He has
urged the country to develop a recycling industry to gain competitive edge.

Source – Reuters

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/bangladesh-rmg-makers-want-simplified-export-procedures

https://indiantextilejournal.com/latest-textile-industry-news/bangladesh-mills-demand-withdrawal-of-vat—duty-on-mmf-

 

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    Greetings! Very helpful advice in this particular article! It is the little changes which will make the most important changes. Thanks a lot for sharing!
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