In 2007, consumers world-wide, spent over 1 trillion US $ on furnishing and clothing. Yet the industry remains one of the world's most exploitative, against people and the environment. Time and again, there have been concerns over the issues of health of the consumers and the fabrics they use.
Indian Textile Sector is one of the most important sectors of the Indian economy.
It is now recognized as a priority sector for development during the 11th Five Year Plan and it is the second largest employment generator after agriculture. It provides direct employment to about 35 million workers, contributing 4% to GDP, 16% of industrial production, and export earnings of 17%. This sector has set a target of 85 billion US $ by 2010 and 150 billion US $ in the year 2015.
People's perceptions are changing, and we believe that sustainable developments and industries are almost inevitable for further growth in India.
Ethical fabrics and clothing is a growing markets
A Co-operative Bank, UK Report, states that, Fairtrade and organic certified clothing in the UK alone have shown strong growth as an increasing number of mainstream clothing retailers begin selling certified clothing lines. The Fairtrade Foundation states that sales of Fairtrade cotton products reached ?45 million in 2007, an increase of over 800 per cent in just one year. The Soil Association UK, forecasts that at current growth rates, the UK market for organic cotton products could be worth ?107 million by 2008, up from ?45 million in 2006. The markets in Europe are growing, probably, even faster than UK. These facts give indicator of the potential growth in the world markets for organic and fair-trade fabrics.
Today, India has a significant role to play
In 2007, owner of the venture capital firm KPC&B, John Doerr said at Technology, Entertainment and Design conference, at California that, ?Fighting climate change is the largest economic opportunity of this century.? His company has invested 200 million US $, in the green technology start-ups. But this investment Guru is worried that three of the world's largest polluters ? the US, China and India ? still do not see climate change as an economic opportunity.
More than 60% business leaders in India believe that India should lead the way in green initiatives but a lot more determination and action is needed. By promoting sustainable textile industry in a committed way, India can emerge as a world leader in reducing Carbon Footprint and increase its respectability and its market share globally ? possibly beating China in our revenue from this exclusive fabric, furnishing and clothing market. We can do this without costing our natural resources and harming the environment.
The inherent transparency of this market helps in tracing the roots of each product from farmers, to spinners, weavers, dyers, printers and to manufacturer as well as traders. Our industry can take a lead to become a clean and fair trade industry which will help millions of workers in the textile industry living a life of dignity and well being.
Changing My Home Page
If you have a home, nothing you can compare with that. So, you do everything to keep the aura of your home clean and improving its fabric is a matter of not choice, it’s a need. But, home improvement requires money and that you may not have all the times. However, there are choices you can accept, like the one in secured home improvement loans.
Secured home improvement loans are there to help you out in your endeavour to improve your home. With these funds, you can do anything you want in your home, be it buying a sofa, to make an improvement in your kitchen or your drawing room. Or you may want to have a new furnace; all comes within the preview of secured home improvement loans. However, to get the secured home improvement loans, you are required to pledge your home as the collateral. But, this does not mean that you are placing your property at stake. Rather, this makes the lender happy that his money will be safe since he has got a lien over it. In return of this safety of the collateral, he advances the loans at cheap rates as well as with easy terms. You can have secured home improvement loans for a term ranging from 3 years to 25 years. The lender bears the whole expense of your home improvement lest it should come within the loan amount. Secured home improvement loans are open for the bad credit holders too.
And, the best rates of interest are found while you go online. Most of the lenders of secured home improvement loans are present there which means you have a large array of choices to have cheap loans. They are also paces enough online. Secured home improvement loans are there to help you in placing your home to a niche with a new fabrication, new colour.
Both Shailini Sheth & Pamella Scott are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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