New Delhi, April 21 -- India generates about 7.25 million tonnes of textile waste annually, but lacks adequate collection, sorting and recycling capacity, resulting in a Rs.78,500 crore loss of value each year, according to a report.

If current waste volumes are processed optimally, the same quantity could generate nearly Rs.99,800 crore in value, compared to about Rs.21,300 crore realized currently, leaving a gap of Rs.78,500 crore, the report, prepared jointly by the Federation of Indian Chambers of Commerce & Industry (FICCI) and the Resource Efficiency and Circular Economy Industry Coalition (RECEIC), said.

It emphasized that the material value already exists within the system, but inefficiencies across the value chain prevent its r...