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“Strengthening incentives for compliance through certification and other tools- pros and cons"? . A presentation by Sanal Kumar, Chairman & MD Classic Fashion Apparel Industry Ltd Co. About Classic Fashion .
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“Strengthening incentives for compliance through certification and other tools- pros and cons"? A presentation by Sanal Kumar, Chairman & MD Classic Fashion Apparel Industry Ltd Co
About Classic Fashion .. • Since 2003, we have strived to be an Innovative, Responsible & World Class Apparel manufacturer • Today we are a multi-National Team of 9500 and growing… • CFAI is proud to be on the Ministry’s “Golden-List” & also be an active participant in the BWJ program • We are committed to give back to the society that we live and work in
Apparels - the paradigm shift…. More Stakeholders More Expectations
“Compliance” – simplified • Meeting the minimum requirements pertaining to working conditions at the workplace – using local Laws & Client’s Codes of Conduct as guidelines
The Terrain - • Global Fashion industry valued at USD 03 trillion • ~ 92,13,000 people directly employed in fashion industry globally * Commonly found certifications
Key initiatives that could facilitate further incentivisation Organizations like JGATE could support the implementation of any new initiatives
Moving from “Push” to “Pull” Needless to say the onus of being a responsible business is now with the Manufacturer / the Manufacturing Community
.. it is all about People Planet Principles + Profit