Prime Minister Narendra Modi inaugurated Bharat Tex – 2024, one of the largest-ever global textile events being organised in the country, at Delhi’s Bharat Mandapam on Monday.
Speaking at the event, Prime Minister Modi promised all support to the textiles sector, stressing that it will play a crucial role in making India a developed nation by 2047, when India will complete hundred years of independence.
PM Modi said the government is working in a very wide scope to further increase the contribution of textiles sector in building a developed India.
“We have resolved to transform Bharat into a ‘Viksit Rashtra’ in the next 25 years. Four important pillars of Viksit Bharat are poor, youth, farmers and women. And notably, the textile sector of Bharat is connected with all these pillars. Therefore, an event like Bharat Tex becomes very important for us all,” Modi said.
Bharat Tex – 2024 is being organised from Monday to Thursday.
“We are working to further increase the contribution of the textile sector in building a developed India. Valuation of India’s textile sector has crossed Rs 12 lakh crore,” PM Modi added.
“The way a loom joins threads together, this event is combining threads of India and the world,” he added.
“We are connecting all elements of the textile value chain with five Fs…This journey of the five F’s – farm, fibre, factory, fashion and foreign, in a way the whole scene is in front of us, keeping this principle of the five Fs in mind, we are encouraging farmers, MSMEs, and exports,” PM Modi said.
“We have also amended the definition of MSME in terms of investment and turnover, this will increase the scale and size of the industries. Even after growing up, they will be able to get the benefits of government schemes.”
Drawing inspiration from the 5F Vision of the prime minister, the event has a unified farm to foreign via fibre, fabric and fashion focus, covering the entire textiles value chain, a statement issued by the Prime Minister’s Office said on Sunday.
Bharat Tex will showcase India’s prowess in the textiles sector and reaffirm its position as a global textile powerhouse.
Organised by a consortium of 11 Textile Export Promotion Councils and supported by the Centre, Bharat Tex – 2024 is built on the twin pillars of trade and investment, with an overarching focus on sustainability.
The four-day event will feature more than 65 knowledge sessions with over 100 global panelists discussing various issues relevant to the sector.
It will also have dedicated pavilions on sustainability and circularity; an ‘Indi Haat’; fashion presentations on diverse themes such as Indian Textiles Heritage, sustainability, and global designs; as well as interactive fabric testing zones and product demonstrations.
Bharat Tex – 2024 is expected to witness the participation of policymakers and global CEOs, more than 3,500 exhibitors, over 3,000 buyers from more than 100 countries, and over 40,000 business visitors, besides textiles students, weavers, artisans and textile workers.
With more than 50 announcements and MoUs expected to be signed during the event, it is envisaged to provide further impetus to investment and trade in the textiles sector and help push up exports.
Bharat Tex 2024 Dates
February 26-29, 2024
Bharat Tex 2024 Venue
Bharat Mandapam, New Delhi & ‘Yashobhoomi’ Convention Centre In New Delhi
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