Tripartite MoU signed at Bharat Tex 2024
Context:
At Bharat Tex 2024, a significant tripartite Memorandum of Understanding (MoU) was inked between the Textiles Committee, Government e-Marketplace (GeM), and Standing Conference of Public Enterprises (SCOPE), with the objective of promoting upcycled products crafted from textile waste and scrap.
Relevance:
GS-03 (Economy)
Key Points:
- The MoU aims to promote upcycled products made from textile waste and scrap.
- Signed during Bharat Tex 2024, a global textile event at Bharat Mandapam, Pragati Maidan, New Delhi.
- GeM will collaborate with stakeholders in the upcycling ecosystem, especially under-served seller groups, to establish direct market linkages in public procurement via #Vocalforlocal GeM Outlet Stores.
- These designated outlets will showcase and promote upcycled products made from textile waste and scrap.
Understanding Upcycling:
- Upcycling involves repurposing textile waste and scrap to prolong its usefulness and value. Unlike recycling, which breaks down materials into basic components, upcycling transforms discarded materials into items with enhanced value and functionality without breaking them down. This approach reduces energy and resource consumption, resulting in a lesser environmental impact.
- With a growing trend towards conscious consumption, there is increasing demand for upcycled products in the textile industry.
- Consequently, initiatives like promoting the upcycling of textile waste and scrap are poised to contribute to the long-term achievement of Sustainable Development Goals (SDGs).
