Reports

Of all resources that the textiles and apparel industry needs to transform fibre into fashion, water is arguably the most precious and increasingly becoming scarce. It was only natural that the focus of the annual sustainable textiles summit, Planet Textiles, this year was water. From the issue of availability to judicious use of the scarce resource and the problem of wastewater pollution, it was an array of water-related subjects that dominated the one-day event in Bengaluru on May 24. Jointly...

The Fabric of Change initiative of Ashoka and the C&A Foundation is set for a scale-up with the two organisations launching a new €250,000 Scaling Impact Fund as part of their joint venture supporting social innovation in the apparel industry. The announcement came in the run-up to the Fabric of Change Globalizer Summit organised in Bengaluru on Friday. "The awards will focus on the newly crafted strategies and the way forward rather than past achievements. This is an exploratory process that...

There's a new eco-friendly fibre on the anvil—Austrian speciality fibre-maker Lenzing will soon be launching EcoVero, a viscose with the lowest environmental impact in the industry. This, Lenzing believes, will set a new industry-wide benchmark in the sustainability of viscose fibres. According to Robert van de Kerkhof, chief commercial officer and a board member at Lenzing, the new viscose fibre would be based on three pillars: use of sustainable wood resources, a ecological production process...

About 96 per cent of MSMEs (Micro Small and Medium Enterprises) in the country are likely to benefit from the 25 per cent cut in corporate tax rate for MSMEs having revenues less than Rs50 crore. Among others, this cut is likely to affect the textiles and apparel industry considerably, since the backbone of this industry is made up MSMEs. This was also the segment reported to have been the worst-hit sectors of the economy due to the November 2016 demonetisation. The announcement was made by...

On the face of it, the news about the Oil and Natural Gas Corporation (ONGC) signing a pact to buy a stake in the Gujarat State Petroleum Corporation (GSPC) may seem to be that of a routine merger-buyout deal. Only, that it’s not business as usual. In fact, it is a classic case of a cash-rich Maharatna enterprise being made to subsidise the financial misadventures of a company that is steeped in debt. Suspicion that ONGC would have to bail out GSPC surfaced during the Budget session of...

It was a brazen scam that ought to have become a case study in itself; one that many knew of, but no one had quantified, either by design or default. The long and short of it, as Bangalore Mirror has found after examining court documents, was this: 228 trees were felled for a paltry Rs 2.47 lakh when they could have fetched at least 10 times that amount; lakhs of rupees were later siphoned off and shown as expenditure to fell the same (non-existent) trees for road-widening; and all this was done...

The advantage of hindsight is that one can always step back and ascertain the bigger picture. But when one extrapolates disparate developments, one can often land up with a picture that is disturbing. This is what Bangalore Mirror has found by examining court orders (both interim and final) passed in three distinct writ petitions that were filed over time in the Karnataka High Court, tracking the process of amending the Karnataka Preservation of Trees (KPT) Act, and tree-felling by the Bruhat...

As trees keep being marked and numbered for felling to ensure road-widening under the controversial TenderSURE project, a closer look at the entire process digs out one uncomfortable truth. The very law that was enacted and subsequently amended to protect trees in Karnataka and capital Bengaluru is increasingly being either violated or circumvented altogether for the felling of trees. One classic example is the method with which trees are being chopped down in a phased manner—all in small...

A week or so back, citizens woke up to the news that 18 huge trees on Nrupathunga Road had been shortlisted to be felled for execution of the controversial TenderSURE project on the stretch. With intermittent reports of TenderSURE-related tree-felling tricking in since then, the debate over TenderSURE now shifts from the question of lack of transparency in the entire process to one about the ecological damage that the execution of the project has already caused, and will also do in the future. A...

The excitement over Thursday's Jio launch may sooner or later fade away, but the Shah Committee's indictment of Reliance Industries Limited (RIL) will ensure that the company remains in a spot. The one-member panel of former Delhi High Court chief justice Ajit Prakash Shah on Wednesday held RIL and its foreign partners BP Plc and Niko Resources guilty of taking out natural gas that belonged to the Oil and Natural Gas Corporation (ONGC) in an offshore block in the Bay of Bengal. Worse for the...