Indian Textile Industry Market Share

At almost $250 billion in market value (as of 2023), the Indian textile sector is the biggest contributor to the
country's economy. Cotton, synthetic fibers, silk, wool, jute, and technological textiles are among the categories
into which the industry is divided. The detailed market share segmentation of the industry by several categories
is shown below.

1. Contribution to the Indian Economy

 Contribution to GDP: The textile industry contributes around 2.3% to India's GDP.
 Industrial Production:It contributes 13% of industrial production.
 Generation of Employment: The sector gives employment to over 45 million directly and 100 million
indirectly.
 Share of Exports: The textile industry contributes 12% of India's total exports.

2. Market Share Breakdown by Segment

(A) Domestic vs. Export Market Share

Market Value (2023) Market share

Domestic Market $190 billion 76%
Export Market $44 billion 24%

The domestic market is the dominant one, with about 76% of the entire textile industry [Link] export
market is 24% and will likely shoot extremely high in the future years due to the world's demand.

B) Market Share by Fabric Type

Type of Textile Market share

Cotton textiles 34%
Man-made Fibers (MMF) 30%
Technical Textiles 13.9%
Silk, Wool & Others 10%
 Jute Textiles 6%

Cotton fabrics have a market monopoly with 34% of the entire market, given that India is the world's
largest producer of [Link]-made fibres (MMF) such as polyester and synthetic fibres make up 30%, with
increasing use owing to their price affordability and durability. Technical textiles (usable in the automobile,
health, and construction sectors) is a rapidly expanding sector, taking up 15% market share. Jute, wool, and silk
fabrics make up around 16% in total, of which jute forms one of India's top export items.

(C) Market Share by Textile Product Category

Category Market Share

Apparel & Garments 50%
Home Textiles (bedsheets, curtains, towels) 20%
Technical Textile 15%
Industrial Textiles 10%
Others (Handloom, Handicrafts 5%

3. India's Share in the World Textile Market

 India has a 4-5% world textile and apparel trade market share.
 India is the second-largest world textile exporter after China.
 India's textile and garment export was $44 billion in FY 2023.
 Export destinations are mainly USA (27%), European Union (18%), UK (6%), UAE (6%), and Saudi
Arabia (5%).
 The Indian textile industry envisions $100 billion exports by 2030, with a greater market share
globally.
[Link] Materials: Increased use of organic cotton, bamboo fabric, and recycled polyester is making greener
steps in apparel production.

5. Govt. Regulations: Efforts like the Sustainable Textile Initiative and labor legislation are driving
corporations in the direction of greenization and international standards conformity.

6. Export Opportunities: India is a powerful textile exporter with consolidated trading relationships in the
U.S., Europe, and the Middle East, thus positioning exports as a high growth factor.

7. Customer Trends: Growth in demand for green and socially conscious manufactured apparel is pushing
market trends and forcing companies to turn green.

8. Competitive Rivalries: Competition is strong with new and existing firms pushing innovation and
sustainability.

9. Future Trends: The future of the textile sector will be circular fashion, digitalization, and green
manufacturing, and the sector will therefore be greener and more environmentally friendly.

Siyaram Silk Mills Limited: A Comprehensive Overview

Introduction
Siyaram Silk Mills Limited trades as Siyaram’s to represent its status as one of India’s top textile manufacturer
companies producing premium fabrics and ready-made clothing. The company launched its operations in 1978
to produce fine fabrics for shirts and suits as well as fashion apparel products. Indian households know
Siyaram’s by name as the company continues to receive global acclaim for its dedication to fabric excellence
and design expertise. Through its wide network and broad brand selection alongside a secure business approach
Siyaram’s function as a prominent force in the textile and fashion market. This extensive document details
Siyaram’s historical development along with its products and brands and its distribution system while examining
leadership and expressing their mission and vision and highlighting their accomplishments.

Company History and Background

Siyaram Silk Mills Limited initiated operations in 1978 as the Indian textile industry experienced sudden growth
during that time. The founders established the business with a mission to offer premium textile products at
budget-friendly prices so they could respond to altering Indian fashion demands. Through its business
development Siyaram’s has integrated innovation while implementing modern manufacturing technology to
reinforce product quality and manufacturing efficiency. Siyaram’s builds its headquarters in Mumbai while
operating state-of-the-art manufacturing centers that hold advanced machines to develop premium fabrics and
clothes. Since its beginning Siyaram’s created value for customers by fusing traditional handiwork with
contemporary production methods.

Product Range
Siyaram’s delivers various products which serve multiple client segments throughout the textile and fashion
business. Its offerings include:

1. Fabrics

The main reputation of Siyaram’s rests in its premium fabric production used for shirting and suiting textiles.
The company produces a wide range of fabric blends that include:

• Polyester-Viscose
• Polyester-Cotton

• 100% Cotton

• Linen

• Wool Blends

• Special Finish Fabrics

Sage Studio caters to tailors as well as designers and brands for making custom suits alongside shirts and
trousers and ethnic apparel products.

2. Ready-made Garments

In addition to fabrics, Siyaram’s has successfully ventured into the ready-made garment segment. The company
offers:

 Formal Shirts

 Trousers

 Suits

 Blazers

 Casual Wear

 Athleisure Wear

Its ready-to-wear collection is designed to meet the needs of young professionals, businessmen, and fashion-
conscious individuals.

3. Home Furnishings

Siyaram’s has introduced high-quality upholstery and curtain fabric products through its home furnishings
segment. The company has created products which deliver elegance as well as sophistication for indoor spaces.

4. Yarns

Light and Arts manufactures dyed and fancy yarns which serves as basic materials for textile production. The
company manufactures yarns which serve different purposes across weaving and knitting together with
embroidery.

Brand Portfolio
The brand roster of Siyaram’s enables the company to reach multiple customer segments. The company offers
its customers the following well-known brand selections:

1. Siyaram’s Shirtings and Suitings

The leading brand from the company delivers top-quality fabrics which target men's fashion needs. The
company distinguishes itself as an innovation hub particularly through its advanced work on fabrics design and
texture creation methods.

2. J. Hampstead

As an upscale clothing company J. Hampstead provides top quality materials for shirts and suits. As a premium
brand J. Hampstead offers its exclusive collection to people looking for elegance combined with exclusivity.

3. Oxemberg

The brand Oxemberg provides ready-to-wear clothing to young office professionals. The brand provides
fashionable formal and casual items through its affordable pricing system.
4. Mozzo, Inspiro, and Tessio

The ready-to-wear segment of these brands offers stylish fashionable apparel designed for male customers.
These brand labels service multiple fashion choice segments of consumers who make up different demographic
groups.

5. Cadini

The Italian fashion label Cadini operates globally while working with Siyaram’s for Indian market distribution.
This brand is distinguished for its refined elegant designs and premium style.

Manufacturing and Quality Standards

Siyaram’s operates some of the most advanced textile manufacturing facilities in India. Siyaram’s implements
robust quality control systems that maintain products compatible with worldwide standards. The quality control
commitment of Siyaram’s is proved through their ISO 9001:2008 certification. The organization makes regular
investments in research and development to develop new material blends together with eco-friendly production
processes as well as innovative fabric finishing methods.

Distribution Network and Retail Presence

Siyaram’s dominant business strength shows itself through a broadly expanded distribution system. The
company maintains more than 100,000 retail outlets throughout the country which provides its products to
over a massive number of customers. Additionally, Siyaram’s operates more than 170 exclusive showrooms
under its various brands. Through Siyaram’s Online Shop the company introduced a digital platform that
enables customers to shop their products without leaving their houses. Siyaram’s achieved widespread consumer
reach through online digital platforms which help the company serve tech-conscious customers outside standard
storefronts.

Leadership and Management

Siyaram Silk Mills Limited functions under an experienced leadership team which has substantially contributed
to company success. The leadership team includes:

• Mr. Ramesh Poddar – Chairman & Managing Director

• Mr. Pawan Poddar – Joint Managing Director

• Mr. Kishan Poddar – Executive Director

• Mr. Gaurav Poddar – Executive Director

Siyaram’s maintains competitive advantage through its leadership team which consists of textile and fashion
industry experts.

Mission and Vision

Mission: Siyaram dedicates itself to becoming the leading preferred textile and fashion sector partner through
continuous delivery of superior quality fabrics and garments. Siyaram operates with the mission to establish
itself as customers' top textile and fashion industry selection while delivering exceptional products enabled
through innovation to develop trust and create value.

Vision: The company plans to lead the textile industry at a global level through its focus on quality combined
with customer satisfaction and practices of environmental sustainability. Siyaram’s seeks to establish its brand as
an association with high fashion that reaches both Indian and global markets.
Awards and Achievements: Over the years, Siyaram’s has received numerous accolades and recognitions,
including:

 The Next 500 Award 2023 by Fortune India

 Iconic Brand of India 2023 by The Economic Times

These awards highlight the company’s contributions to the textile and fashion industry and its unwavering
commitment to excellence.

SUSTAINABILITY AND ETHICAL PRACTICES AT

SIYARAM’S SILK MILLS LTD.
1. Introduction

Siyaram's Silk Mills Ltd., a prominent textile producer, focuses on sustainability and ethical business practices.
As an ISO 9001:2008 certified firm Siyaram's integrates environmental concern together with corporate
governance and employees' well-being throughout its operational system. The current analysis explains
Siyaram's essential sustainability and ethical initiatives which work to develop sustainability and protect the
environment and promote CSR activities.

2. Alignment with Sustainable Development Goals (SDGs)

Through its business operations that conform to international norms of global sustainability, Siyaram upholds
the Sustainable Development Goals (SDGs) of the United Nations:

SDG 6: Sanitation and Clean Water

In order to use water resources efficiently and adhere to Zero Liquid Discharge (ZLD) protocols, the company
runs excellent water and wastewater management systems, which comprise both Reverse Osmosis (RO) and
Multiple Effect Evaporator (MEE) systems.

SDG 7: Accessible and Sustainable Energy

To lessen their impact on the environment, Siyaram's has installed solar rooftop systems in addition to a variety
of energy-efficient equipment.

SDG 8: Economic Growth and Decent Work

Along with providing health insurance, safety training, and anti-harassment measures for staff, the company
upholds a safe and friendly work environment.
SDG 12: Conscientious Production and Consumption
In order to emphasize ethical production practices, the company supports recycled materials and sustainable
sourcing procedures.

3. Sustainable Product Design & Lifecycle Management

To cut down on waste and resource consumption, Siyaram's is actively designing eco-friendly clothing and
textiles and implementing a circular economy strategy. The corporation makes research and development
(R&D) investments in order to lower costs, improve energy efficiency, and increase product quality.
• Eco-Friendly Products: Focus on sustainable fabric.
• The circular economy model reduces waste and encourages long-lasting goods.

Innovation is the main focus of R&D for sustainability, which aims to improve material efficiency and lessen
environmental effect.

4. Sustainable Sourcing & Raw Materials

The firm gives top priority to sustainable sourcing through the use of green alternatives and local suppliers.

 Polyviscose Usage: Implements polyviscose as a cost-effective and green alternative to cotton.

 Local Procurement: Encourages local procurement to help in the development of communities and
reduce carbon footprint.

5. Energy Management & Renewable Energy

To lessen its environmental impact, Siyaram's promotes energy conservation and the usage of renewable energy.

• Solar Energy Projects: To lessen reliance on non-renewable energy, solar rooftops are being installed.
• Energy-Efficient Equipment: To use energy efficiently, use heat recovery technology, LED lights, and high-
efficiency motors.

7. Climate Change & Carbon Footprint Reduction

By cutting greenhouse gas (GHG) emissions, the corporation actively works to lessen the effects of climate
change.
GHG Emission Reduction: Reducing carbon emissions through process enhancements.
Climate Risk Mitigation: Enumerating and applying methods to reduce the likelihood of severe weather events.

8. Waste Management & Recycling

Sustainable waste management techniques were included into Siyaram's operations.

Disposal of Plastic and E-Waste: Works with approved recyclers to dispose of waste in an ethical manner.
Recycled Input Materials: The production process uses 5.38% recycled yarn and 66.4% recyclable packaging.

9. Ethical Business Practices & Governance

Siyaram's upholds strict regulations and standards to enforce corporate governance and ethical behavior.
• Anti-Bribery & Corruption Policy: Prevents unethical corporate practices with robust controls.
• Whistleblower Policy: Promotes the reporting of misconduct without revealing the identify of the
whistleblower.

• Conflict of Interest Management: Requires key personnel to disclose any potential conflicts of interest on an
annual basis.

10. Employee Health, Safety & Well-Being

Through a number of policies and initiatives, the organization places a high priority on the safety and well-being
of its employees.
• Safety & Training Programs: Ongoing instruction in human rights, workplace safety, and productivity
enhancement.
• Benefits and Health Insurance: Every employee has 100% accident and health insurance.

• POSH (Prevention of Sexual Harassment) Training: Provides a courteous and safe workplace for female
employees.

11. Digitalization & Innovation for Sustainability

Siyaram's uses technology to increase sustainability.

• Automated Payment System: To increase efficiency, real-time billing and payment are possible.
• Sustainable corporate Processes: Digital initiatives to cut waste and streamline corporate procedures.
12. Lean Management Practices

Siyaram's uses lean management techniques to cut waste and improve operational effectiveness:
• Process Optimization: To reduce waste and increase efficiency, the business constantly examines and
optimizes its manufacturing procedures.
• Employee Training: To empower staff members with lean management concepts and foster a continuous
improvement culture, regular training sessions are held.

• Technology Use: Siyaram's makes use of digital technologies to improve overall efficiency, decrease manual
interventions, and streamline procedures.

13. Corporate Social Responsibility (CSR) Initiatives

Siyaram's participates in several CSR projects to give back to the community:

• Girls' education is provided by the Shri Ramrikhdas Poddar Balika Vidya Mandir in Rajasthan.
• Health and Well-Being Initiatives: Runs blood drives in collaboration with the Boisar-Tarapur Rotary Club.

• Promotes Quit Tobacco Awareness: Works with the Shraddha Foundation to organize a Quit Tobacco
Campaign.
• Community Development: Supports skill-building initiatives and career training to assist marginalized
communities.
• Environmental Conservation: To reduce its ecological footprint, it supports eco-friendly projects and takes part
in tree planting campaigns.

14. Certifications Related to Ethics and Sustainability

Siyaram's ethical, quality, and sustainable approach is guaranteed through several certifications:

 ISO 9001:2008 Certification: Ensures conformity to international quality management standards.

 Business Ethics Policy: Establishes compliance with ethical practice and transparency.
 Anti-Bribery Policy: Enforces stringent controls against unethical practices.
 Whistleblower Policy: Provides employees with a vehicle to report wrongdoing anonymously.
 Critical Evaluation of Sustainability and Ethical Practices in
Siyaram Silk Mills Limited
A. Strengths in Sustainability and Ethics

1. A decrease in the use of water and energy

Investments in wastewater recycling and solar energy demonstrate a proactive approach to
environmental preservation.
Energy costs have decreased by 10% because of managerial choices to install solar energy projects.
2. Community Development & Employee Welfare
Fair pay are guaranteed by adherence to labour rules, and in recent years, there have been no reports of
labour rights abuses.
Investing in skill development increases productivity and staff retention.

3. Circular Economy Approach:

Using polyviscose rather than traditional cotton lessens reliance on crops that require a lot of water.
Although more expansion is needed, the company has begun a limited number of textile waste
recycling operations.

B. Gaps and Areas of Improvement

1. Absence of commitment to carbon neutrality

Siyaram has not revealed any carbon neutrality goals, in contrast to industry heavyweights such as Arvind Mills,
who have targeted net-zero emissions by 2040.
Setting a CO2 reduction goal, such 30% by 2030, can increase sustainability's legitimacy.
2. Limited Efforts in Waste Management
Despite creating a large amount of fabric waste, there is no official program for recycling textiles.
Reducing environmental effect can be achieved by implementing waste-to-energy or fabric upcycling projects.
Fabric waste from Siyaram's textile production is significant. The environmental impact could be decreased by
making investments in waste-to-energy technologies or upcycling garbage into secondary market goods like
bags, home furnishings, and industrial fabric.

3. Issues with Supply Chain Transparency

Despite suppliers adhering to ethical standards, no third-party audits have been made public.
Accountability can be improved by using blockchain technology to track raw materials. Despite working with
more than 800 distributors throughout India, the company does not have a publicly available ESG compliance
framework for all of its suppliers. Its sustainability monitoring will be strengthened by implementing blockchain
technology for supply chain traceability or a third-party sustainability audit.

4. Product Lifecycle Management:

Siyaram produces more than 5 million meters of fabric a year, and although its goods are long-lasting, landfill
waste may be greatly decreased by implementing a systematic end-of-life recycling program. Its sustainability
impact will be increased by putting in place a scheme for the return of worn textiles and encouraging the ideas
of the circular economy.

5. Compliance and Ethical Policies:

Siyaram has not revealed any carbon neutrality goals, in contrast to industry heavyweights such as Arvind Mills,
who have targeted net-zero emissions by 2040.
Setting a CO2 reduction goal, such 30% by 2030, can increase sustainability's legitimacy .
C. Future Scenarios and Sustainability Predictions

Climate Change Impact on the Textile Industry

The need for lightweight, breathable, and sustainable textiles will rise as global temperatures rise; water
constraints will affect textile dyeing operations, requiring the implementation of waterless dyeing technologies.
Siyaram will need to lower its carbon footprint to preserve export viability due to regulatory pressure from
international trading partners (such as the EU's Carbon Border Tax).

Future Recommendations for Sustainability

1. Growth of renewable energy to lessen dependency on fossil fuels, increase the usage of solar and wind energy
to 50% by 2030.
2. Plan for reducing the carbon footprint; clearly define the goal of a 30% CO2 emission reduction by [Link]
alternate fuels and electric delivery trucks.
3. Improved recycling of textile waste; work with waste management companies to create a program for
recycling textiles at the end of their useful [Link] encourage circular fashion, offer consumers a buy-back
scheme for their used clothing.
4. Innovation in sustainable materials; boost research and development for biodegradable textiles, such as
bamboo and organic hemp-based materials. Over the following five years, cut the use of synthetic fiber by 20%.
5. Increased supply chain transparency; conduct sustainability audits by third parties for every supplier. Verify
ethical sourcing using blockchain monitoring and AI.

Challenges Faced by Siyaram's from an Ethical and

Sustainability Perspective

As a well-known entity in Indian textile manufacturing Siyaram's continues to show strong dedication toward
business practices that respect ethics and sustainability values. Siyaram faces various obstacles in implementing
ethical principles into its operations despite using an active approach to integration. Siyarams faces these
obstacles because of the industry's sophisticated nature and developing rules as well as the need for substantial
spending on green technological advancements. Siyaram faces various key sustainability and ethical challenges
that are described in detail over the subsequent sections.

1. Sustainable Sourcing and Raw Material Utilization

Dependence on Traditional Materials

Since its inception the textile sector depended on classical raw materials including cotton and synthetic fibers
while these resources do not necessarily support sustainable operations. Both cotton cultivation's massive water
use together with pesticide application and the synthetic fiber production later result in microplastic
contamination of the environment. Conducting innovative research and executing product development and
investing resources and adjusting supply networks will enable the transition to green solutions.

Innovation in Eco-Friendly Fabrics

The company has adopted bamboo fabrics into its portfolio to deliver sustainable fashion products. The major
difficulties in both large-scale manufacturing and quality consistency prevention exist today. Achieving
sustainable raw materials acquisition at cost-effective prices stands as a main challenge to overcome. The
establishment of sustainable textiles market demands targeted educational initiatives toward customers and
comprehensive marketing approaches to show the advantages of these fabrics.

2. Environmental Impact and Resource Management

Energy Consumption

Textile manufacturing demands substantial power usage to carry out the entire process due to the required
operations of weaving then dyeing and fabric finishing. Developing energy-efficient systems and moving toward
renewable fuel sources demands high investments in capital expenditures. Siyaram's makes efforts toward
sustainable energy practices yet sustainable adoption needs major initial investments to turn renewable energy
into a cost-efficiency solution.

Water Usage and Wastewater Treatment

The textile production process largely depends on water because of its crucial role during dyeing and
manufacturing activities. Siyaram’s manufacturing process requires large amounts of water that creates
problems regarding regional water scarcity along with treating wastewater. Advanced wastewater treatment
plants and water-efficient systems like zero-liquid discharge need high investments and full adherence to
environmental rules to succeed.

3. Employee Welfare and Safety

Health and Safety Standards

The creation of a protected workplace environment ranks as the number one concern for Siyaram’s. Bear in
mind safety drills as well as machine maintenance together with health examinations serve as key elements in
this process. Caring for employee safety through rigorous protocols needs sustained monitoring and employee
training together with budgetary commitments to maintain employee safety.

Training and Development

The success of a workforce depends on continuous training about safety together with ethics education and
professional skill development. Organizations must manage the tension between training expenses and
production service interruption when conducting staff training.

4. Community Engagement and Social Responsibility

Educational Initiatives
Through its Shri Ramrikhdas Poddar Balika Vidya Mandir educational institution Siyaram’s contributes quality
education for needy children. persistent financial support should combine with contemporary facilities and
exceptional educational standards through strategic planning for extended periods.

Health Campaigns

The organization supports social causes through its organized programs that include blood donation drives and
anti-tobacco awareness programs. Effective results from these initiatives need dedicated coordination with
healthcare establishments and NGOs as well as necessary resources to reach meaningful targets. The continuous
challenge exists in strategic management of such campaigns to connect them to established corporate targets.

Scope for Development in Siyaram's Ethical Culture and

Sustainability

1. Introduction
Siyaram's, as an Indian large textile industry firm, has done a quality brand image with quality trend. But now
the environment and ethics also are going in the same direction, the company will have to do it slowly so that it
can restructure some inherent problems screaming to be changed in the right direction. The fashion industry is
not a choice but a necessity for its sustainability due to the fact that the world's attention, the taste of the
customer, and the controller forever keep on altering mercilessly.

The following are Siyaram's drivers or scope of intent for obtaining the maximum level of sustainability and
good business practice. They are derived from industry fashion, competitor benchmarking, and the practice of
sustainability adoption by the good guys in the fashion business.

2. Sustained Growth in the Utilization of Renewable Sources of Energy

2.1 Why is it a Development Area?

The most power-hungry industry is textiles, and nearly all of it is non-renewable energy-based such as fossil fuel
and coal. Siyaram units use a huge amount of power for machineries, lighting, and production processes. All
these drawing power from traditional sources of energy release pollution along with the higher cost of operation.

2.2 The Findings and Industry Benchmarking

•Certain of the players like Raymond and Arvind Mills have been utilizing solar power and wind power to their
operations and thus reduced their carbon footprint to a great extent.

•Through studies, it has been identified that companies, who invested into alternative sources of energy, reduced
their cost of energy to a level of 30% in the long run.

• Business sustainability is prompted by objectives such as the UN Sustainable Development Goals (SDGs) that
challenge business to use green energy in a bid to attain sustainability against global warming.

2.3 Areas for Improvement

• Use solar panels in factory units to generate clean energy.

• Invest in wind energy if possible to supplement power needs.

• Install power-saving devices to use power to their capacity and prevent wastage.

• Utilization of government programs and incentives in cutting the installation cost of renewable energy.

3. Supply Chain Transparency Improvement

3.1 Why is this an Area for Improvement?

More transparency along the apparel supply chain since, otherwise, there are some risks involved in the form of
unethical working practices, pollution, and genuineness of verification of sustainability of raw material. More
transparency in production, distribution, and product sourcing is being demanded by investors and consumers.

3.2 Findings and Industry Benchmarking

• Global brands like Patagonia and Levi’s have implemented blockchain-based tracking systems,
allowing customers to trace the origins of their products.

• Studies have shown that 60% of consumers want businesses to deliver complete sustainability information.

• Governments are imposing stricter controls on businesses to make disclosures on sourcing and manufacturing
processes.

3.3 Improvements to be made

• Utilize blockchain technology for tracing supply chains.

• Partner with suppliers who supply sustainable and responsibly sourced raw materials.

• Obtain sustainability certifications such as GOTS (Global Organic Textile Standard) and OEKO-TEX.

• Publish yearly sustainability reports to be honest and transparent trade.

4. Sustainable Fashion Innovation

4.1 Why is this an Improvement Area?

Fashion clothing produced using fashion, particularly polyester fashion, that will not degrade is the world's
biggest polluter. Sustainable fashion contains technology that can preserve waste, minimize greenhouse gas and
emission creation, and deal with growing demands for green fashion.

4.2 Industry Benchmarking and Findings

• Competitor companies Welspun and Arvind have designed sustainable fibers like recycled polyester and
organic cotton.

• Gen Z and millennials will choose sustainable fibers over conventional fibers, a survey by McKinsey & Co.
states.

• Fashion trends switch to circular economy and biodegradable world.

4.3 Improvement Suggestions

• Invest in biodegradable fiber like organic cotton, hemp, and bamboo.

• Produce fully recyclable polyester blends with an eye for reducing environmental prints.

• Create bio-based textile products based on the knowledge of experts.

• Create environmentally friendly consumer-driven lines to sell.

5. State-of-the-Art Waste Management

5.1 Why is this an Area of Improvement?

Textile fashion clothing industry generates millions of tons of waste product every year in the form of trims,
chemical treatment, and packaging. Even if waste treatment system is well planned, if at all they are wasted, all
of them are discharged into the dump yards and pollute the environment.
5.2 Industry Benchmarking and Observations

• Aditya Birla's Livaeco also adopted zero-waste operation target with 30% reduction of fabrics wastage.

• Upcycling and recycling both can reduce the cost of operation along with generating waste.

• The government and environmental agencies impose additional regulatory costs on treating textile waste.

5.3 Improvement Proposals

• Implement fabric recycling programs to recycle waste in actuality.

• Utilize natural and biodegradable dyes to minimize water pollution.

• Implement circular economy procedures, recycling textile waste as recyclable waste.

• Train staff as well as suppliers in efficient waste reduction.

6. Customer Awareness Campaigns Increased

6.1 Why is this an Area of Improvement?

Only when the customers get awareness, they will be supporting. The customers have no idea of their fashion
and environment and ethics. Awareness campaigns can turn the company into a loyalty brand and Siyaram's a
sustainable fashion leader.

6.2 Findings and Industry Benchmarking

•According to surveys, sustainable fashion is desired by only 30% of Indian consumers, largely due to
unawareness.

•Companies like Fabindia and Levi’s have launched successful sustainability-focused marketing campaigns.

• Research has shown that those brands that are able to effectively communicate sustainability enjoy a 20%
boost in customer trust and sales.

6.3 Areas for Improvement

• Initiate interactive social media campaigns to inform customers about sustainable options.

• Collaborate with eco-friendly fashion bloggers and influencers.

• Place print QR codes to allow customers to view material availability and environmental liabilities.

• Organize seminars and workshops on green apparel.

Conclusion

Siyaram Silk Mills Limited has achieved remarkable progress in energy efficiency, water conservation, and
ethical labor standards. But there is still room for improvement in areas like supply chain transparency, waste
management, and carbon footprint reduction. By putting in place a methodical sustainability plan with
measurable objectives based on environmental ethics and virtue ethics, Siyaram can preserve its competitiveness
and environmental responsibility while global regulations and climate change transform the textile sector .

To establish itself as a leader in environmentally responsible textile production, Siyaram must set ambitious yet
achievable objectives, such as net-zero carbon emissions, textile recycling initiatives, and increased use of
renewable energy. By adhering to utilitarian ethics, the company can ensure that its sustainability efforts benefit
the greatest number of stakeholders, including employees, consumers, and the environment. Furthermore, to
prevent accusations of greenwashing, Siyaram should engage in transparent reporting and ethical marketing that
genuinely reflects its sustainability achievements rather than just appearing environmentally conscious.

The business works tirelessly to address its sustainability and ethical issues. Siyaram must invest in green
technologies, participate in strategic planning, strengthen its ethical framework, and incorporate long-lasting
sustainability ideals into its operations to achieve its business goals. Siyaram can establish a standard for ethical
and sustainable textile production by using carbon offsetting strategies, keeping an eye on its whole value chain,
and creating sustainable and ethical goods.

Siyaram has a long history in the textile industry, but its methods need to change in light of the new
sustainability paradigms that call for extraordinary resilience. Siyaram can set the standard for sustainable textile
production by consuming renewable energy at no cost, improving value chain transparency, implementing
circular economy projects, and actively educating its customers.

Siyaram can make sure that sustainability is not just a moral need but also a factor in long-term profitability by
using a research-driven strategy, close attention to global sustainability trends, and competitive benchmarking.
Siyaram will create new business prospects, strengthen its position as a leader in ethical and sustainable textile
manufacturing, and promote long-term commercial prosperity by integrating sustainability ethics, environmental
ethics, and corporate responsibility concepts into its operations.

Siyaram may leave a lasting impact on the business by incorporating virtue ethics into its corporate culture and
making moral sustainability choices that go beyond simple compliance. The business has the ability to lead the
textile industry in demonstrating true environmental and social responsibility while simultaneously making
textile production sustainable and lucrative.