Funding gap for India decarbonisation plans

AMSTERDAM – India’s textile and apparel industry requires around $6.5 billion in fresh funding if it is to reduce its greenhouse gas emissions by 45% by 2030, according to a new report from the Apparel Impact Institute.

The report, ‘Landscape and Opportunities to Finance the Decarbonization of India’s Apparel Manufacturing Sector’, also notes that garment and textile manufacturers face an increasing number of challenges in transitioning to sustainable production methods, due to constraints with financing, infrastructure, internal capacity, and enabling energy policies.