Textile Industry Members In India And South Korea Forge Hemp Partnerships
At a recent meeting hosted by the Wool and Woolens Export Promotion Council, members of the textile industries in both India and South Korea announced plans to, among other things, forge partnerships to tap into the industry potential of the industrial hemp fiber sector.
“Attendees discussed innovative ways to greater integrate hemp into India’s textile ecosystem, and the benefits of blending hemp with wool to create sustainable products that can help meet the rising global demand for eco-friendly materials.” reported Hemp Today in its original coverage.
“Also during the meeting, India’s Minister of Textiles, Giriraj Singh, reaffirmed his commitment to fostering the growth of commercial hemp production, pledging to collaborate with Uttarakhand Chief Minister Pushkar Dhami to draft a proposal aimed at aligning policies and promoting growth within the sector.” the outlet also reported.
Despite a long history with the hemp plant, India does not currently have national hemp industry regulations permitting such activity. However, some local jurisdictions have adopted industry rules and regulations, and India’s hemp industry should experience continued growth in the foreseeable future.
According to a recent market analysis by Technavio, “the global industrial hemp market size is estimated to grow by USD 13.90 Billion from 2024 to 2028,” and “the market is estimated to grow at a CAGR of over 25.25% during the forecast period.”
In other news out of India, senior state police officials in India recently told Al Jazeera that they have “seized about 600 tonnes of cannabis in the three years until 2023, goods worth $200m, and have also arrested 8,500 drug traffickers.”
“The police have also destroyed about 28,000 hectares (70,000 acres) of cannabis plantations in Odisha between 2021 and 2023, the highest for cannabis in the country, JN Pankaj, a former inspector general of the Special Task Force of the Odisha Police, told Al Jazeera.” the media outlet also reported.