Journal of Food, Agriculture and Environment




The economic and environmental benefits of hemp fibre for sustaibable fashion and business growth in India


Author(s):

Anwesha Pathak

Recieved Date: 2023-01-12, Accepted Date: 2023-03-22

Abstract:

Hemp or Cannabis sativa has been an important crop in history and has been cultivated since 2800 BCE. Hemp fibre is considered to be one of the strongest bast fibres and has been used in the ancient times to make ropes and sail clothes. Due to their strength and durability along with its biodegradability, and low input cultivation it is an ideal substitute for more expensive fibres like cotton and linen. Hemp is high yielding and since pesticides and chemicals are not needed for its growth, it makes any product made from hemp fibre a sustainable product. In recent times, sustainable fashion has increased due to its environmental benefits. Sustainable fashion is a way in which clothing brands make products that reduce their impact on the environment and also keeping in mind of those who make these products. It can be expensive due to its ethical and environmental needs. It takes a huge hit on their expenditure causing a dent to their balance sheets and reducing their profit margins. Hemp fibre has so many benefits that it makes itself the ideal candidate for all members involved in the textile industry. It is a crop with minimum maintenance and can be grown in temperate zones. Its fibres are long, strong and highly resistant making it easy to work with producing high quality products with low costs. This can make them sell their products more efficiently and also due to its sustainable quality, it binds the trust of the population at large who strive to live a more holistic and sustainable mode of living, increasing their profit margins. Repatriated funds in the corporate world refer to earnings made offshore that are converted back to the currency where a business is a domicile. This will cause a huge economic boost for companies and the GDP of India as the cash inflow will get higher and costs will get lower if an Indian company decides to sell these sustainable products outside India. It also increases profits for the small businesses who would want to enter the market causing an economic boost for India. According to Section 14 of the Narcotic Drugs and Psychotropic Substances Act, it is legal to cultivate hemp upon Government Order making it easier for the Government to regulate the cultivation process and its impact. Project SU.RE launched by the Indian Government in 2017 can include more brands and small businesses causing India to boost its Primary Sector. In this paper, the trends that are being used with hemp fibres internationally and how it can be implicated in India will be enunciated along with its benefits to the small businesses and the government. Followed by the benefits of introducing hemp fibre in India and the need for sustainable fashion along with business models increasing profit margins and repatriation of the value chain for all firms will be elucidated.

Keywords:

Hemp fibre, sustainable fashion, repatriation, economy,  small businesses


Journal: Journal of Food, Agriculture and Environment
Year: 2023
Volume: 21
Issue: 2
Category: Environment
Pages: 138-141


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