India’s Textile Sector Faces ESG, CBAM Challenges In EU
India's Textile Sector Faces ESG, CBAM Challenges In EU
India's textile and clothing sector, a crucial component of the vast Micro, Small, and Medium Enterprise (MSME) landscape, is on the brink of a sustainable transformation. The impending enforcement of the European Union's (EU) environmental, social, and governance (ESG) standards, including the Carbon Border Adjustment Mechanism (CBAM), scheduled for 2026, is driving this transformative phase.
Indian textile exporters are proactively reimagining their practices, embracing sustainability as more than just a compliance measure but a strategic initiative. This approach aims to solidify their position as leading global suppliers and potentially leverage benefits from an upcoming free trade agreement with the EU.
Tamil Nadu's textil...