Today, the fashion industry is at a crossroads, poised between tradition and transformation. The India Business of Fashion Report 2024, launched amidst great anticipation at the India Fashion Forum 2024, illuminates the path forward by showcasing 100 sustainable fashion retail initiatives that are leading the charge towards a greener, more ethical future.
“Sustainability in fashion isn’t just a trend; it’s a fundamental shift towards a more responsible and compassionate industry,” said Amitabh Taneja, Editor-in-Chief, IMAGES Group. He further added, “This report not only highlights the challenges we face but also the incredible opportunities for positive change.”
The report – aptly titled Beyond Trends: 100 Sustainable Fashion Retail Initiatives – delves into the complexities of sustainability in fashion, tackling issues ranging from environmental impact to ethical production practices. It presents a compelling narrative of the fashion industry’s evolution, from being a major contributor to global pollution to becoming a beacon of sustainability and circularity.
“As consumers become more conscious of their purchasing decisions, brands and retailers are recognizing the need to embrace sustainability. The growth of the ethical fashion market is a testament to this shift, and it’s heartening to see so many initiatives dedicated to making a positive impact, added Amitabh.”
Dr. Naresh Tyagi, Chief Sustainability Officer, ABFRL, highlighted, “The sustainable fashion industry is currently worth over $6.5 billion, with projections to reach $10.1 billion by 2025 and $15 billion by 2030.”
He further said, “Today, the fashion industry stands at a pivotal moment, where sustainability isn’t just a trend but a fundamental shift towards a more responsible and compassionate industry. The India Business of Fashion Report 2024 showcases 100 sustainable fashion retail initiatives, paving the way for a greener, more ethical future. As consumers become more conscious, brands and retailers must embrace sustainability, turning challenges into opportunities for positive change.”
The India Business of Fashion Report 2024 isn’t just a reflection of the industry’s current state; it’s a call to action for stakeholders to come together and drive meaningful change. By championing sustainability and ethical practices, we can create a fashion industry that not only looks good but does good too.
