Monday, Oct 18 2021 | Time 14:23 Hrs(IST)
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Business Economy


IKEA Foundation to fund for new textile waste management infra

Bengaluru, Oct 14 (UNI) Enviu, Circular Apparel Innovation Factory (CAIF), and IKEA Foundation have partnered to build a new circular textile waste model in India.
IKEA Foundation will be funding the initial and seeding phase of the five-year project, which will be implemented as a joint initiative of Enviu and CAIF.
The five-year project has taken on the ambitious mission of creating more than 5000 green jobs while saving at least 20 million kilos of textiles waste from ending up in landfills by 2026.
In the first phase of this ambitious program, Enviu and CAIF will be seeking partnerships with manufacturers, brands and innovators to scale and replicate solutions to manage textiles waste; as well as NGOs and other civil society actors to build skills and capacities amongst the waste workers in India.
The project will help recover and reclaim value from textiles waste and unlock green jobs for the waste workers who are one of the most vulnerable and underserved communities.
The textile and apparel industry creates huge amounts of waste and pollution, equal to the oil industry.India is one of the world’s largest textile producers and importers of used clothing, but lacks an infrastructure to deal with textile waste, leaving an estimated 4 million informal waste workers trapped in low-income, unreliable jobs.
Enviu and CAIF, together, build capacities and skills amongst these waste workers, and build successful circular enterprises to reclaim value from textile waste.
The model will also reduce the environmental impact of the clothing industry while enabling workers to increase their incomes and afford a better life.
IKEA Foundation Head of Portfolio (Employment and Entrepreneurship) Vivek Singh said the green and circular entrepreneurship in India's textile waste sector offers an opportunity for vulnerable workers to lift themselves out of poverty while protecting the planet.
CAIF Director Venkat Kotamaraju said the project lays a strong foundation for realizing the company's vision for zero-leakage of textiles waste into the environment and helping decarbonize the industry’s footprint.
UNI BDN SHK1846
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