MAM
FEF India Fashion Awards paves for a sustainable future
Mumbai: The world of fashion, which is often associated with glamour and extravagance, is transforming sustainability. As the founder of the FEF India Fashion Awards ( FEF IFA), I’ve witnessed an evolution in the fashion industry and a growing commitment towards environmental and social responsibility. Through the Awards, we not only celebrate the creativity and innovation of the fashion industry but also bring attention to the critical issue of sustainability.
One of the primary ways the fashion industry promotes sustainability is by implementing eco-friendly practices throughout the entire manufacturing process. Fashion brands are increasingly turning to sustainable sources for raw materials, manufacturing, and distribution. This includes using organic or recycled fabrics, reducing waste through efficient manufacturing techniques, and implementing environmentally friendly packaging options.
Another critical component of sustainability in the fashion industry is ensuring ethical labour practices throughout the supply chain. We wish to draw attention and acknowledge the contributions of all stakeholders, including artisans and workers who are the hidden force behind the scenes. Fashion brands can improve the lives of workers and communities by advocating for fair wages, safe working conditions, and respect for human rights.
The fashion industry relies heavily on innovation to drive sustainability forward. From pioneering new materials to developing cutting-edge technologies, fashion brands are constantly looking for new ways to reduce their environmental impact.
Sustainability-focused events and initiatives play an important role in raising awareness about the fashion industry’s environmental and social challenges. Panel discussions, conclave sessions, and awards ceremonies can help industry leaders and influencers educate their peers and the general public about the value of sustainability and the need for collective action.
Finally, collaboration and partnerships are essential for driving sustainability in the fashion industry. Fashion brands can increase their impact and implement holistic solutions by collaborating with stakeholders throughout the supply chain, including manufacturers, retailers, non-governmental organisations, and government agencies. Awards like this help to be a platform for fostering these collaborations and ensuring the industry’s long-term sustainability.
The fashion industry is undergoing a paradigm shift toward sustainability, and it is important to drive this change. The fashion industry can create a more sustainable and inclusive future for everyone by embracing sustainable practices, promoting ethical labour standards, encouraging innovation, raising awareness, and fostering collaboration.
Through such initiatives, we not only celebrate the creativity and talent of the fashion industry but also promote the values of sustainability and social responsibility. Together, we can transform fashion into a force for good, paving the way for a more sustainable and equitable future.
This article has been written by FEF India Fashion Awards, Fashion Entrepreneur Fund & Talent Factory founder Sanjay Nigam,
Brands
Google nears Nvidia in race for world’s most valuable company
Market cap gap narrows as Google hits $4.65 trillion, Nvidia at $4.86 trillion.
MUMBAI: In the AI gold rush, even the giants are sprinting and Google is suddenly gaining ground. Google is rapidly closing in on Nvidia in the race to become the world’s most valuable publicly listed company, with the gap between the two narrowing sharply amid diverging stock momentum. The tech giant’s market capitalisation has surged to around $4.65 trillion, following a more than 140 per cent rise in its share price over the past year.
That rally has added over $2.6 trillion in value in just 12 months, including nearly $900 billion since January alone. Its stock recently hovered at $381.80, slipping marginally by 0.04 per cent, but still reflecting strong upward momentum.
Nvidia, meanwhile, continues to hold the top spot with a valuation of approximately $4.86 trillion. The chipmaker crossed the $5 trillion milestone in October last year and peaked at $5.27 trillion on 27 April. However, its shares have largely plateaued over the past six months, rising just 0.2 per cent recently to $199.99.
The contrast in trajectories is striking. While Nvidia has seen relatively flat movement, Google has gained over 36 per cent in the same six-month period. Barron’s estimates suggest that if current trends hold, the valuation gap could shrink to as little as $190 million by the time Nvidia reports its first-quarter earnings on 20 May.
Daily momentum paints a similar picture. Nvidia recorded average daily gains of about 0.66 per cent last month, compared to Google’s stronger 1.42 per cent, an edge that could prove decisive in the short term.
Driving Google’s resurgence is its aggressive push into artificial intelligence across its ecosystem, from search and YouTube to cloud computing. The company has already invested $144 billion in capital expenditure over the past two years and plans to deploy a further $490 billion over the next two.
Its cloud division is also gathering pace. Google Cloud reported an order backlog of nearly $220 billion in the latest quarter, with total backlog touching a record $462 billion, around half of which is expected to be realised within two years. The company’s entry into chip sales is also beginning to factor into its growth narrative.
The last time Google briefly topped the S&P 500 by market value was in February 2016, when it edged past Apple for just two days. This time, the stakes and the numbers are far higher.
At the heart of the contest lies a single force: artificial intelligence. As both companies pour billions into infrastructure, chips and platforms, the leaderboard is no longer just about size, it is about who can scale the future faster.
