The investment will support Alchemie’s commercial roll-out, aiming to accelerate the transformation of the sustainability profile of textile manufacturing worldwide. At One Ventures and H&M CO:LAB…
Browsing: global textile supply chain
While India's textile & clothing (T&C) exports to European Union (EU-27)
declined by 20.8% in 2020 compared to 2019, exports of China to EU-27 increased by
whooping 46.9%
Textile industry plays a very important role in spinning the economy’s growth wheels by being the second largest employment generator (after agriculture) and accounting for seven per cent of industrial output in value terms, 12 per cent of the country’s export earnings and two per cent of India’s GDP.
An unanticipated outcome of COVID-19 has been India becoming an alternative to China for buyers worldwide in the global textile supply chain. But can India take the lead and seize the opportunity?