India Breaking Buzz

Bharat Tex 2024: Prime Minister Modi opens the World Textile Event and pledges full support for the industry

<p>At Delhi’s Bharat Mandapam on Monday, Prime Minister Narendra Modi officially opened Bharat Tex – 2024, one of the biggest international textile events ever planned in the nation.</p>
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<p>During his speech, Prime Minister Modi pledged his full support to the textile industry, emphasizing its critical role in transforming India into a developed country by 2047, the year India would celebrate its 100th anniversary of independence.</p>
<p>According to PM Modi, the government is pursuing a broad range of initiatives to boost the textile industry’s contribution to the development of a developed India.</p>
<p>“We have decided that within the next 25 years, Bharat will become a ‘Viksit Rashtra.’” Young people, women, farmers, and the impoverished are four key pillars of Viksit Bharat. Notably, Bharat’s textile industry is linked to each of these pillars. As a result, Bharat Tex becomes a very significant occasion for all of us, Modi said.</p>
<p>The schedule for Bharat Tex – 2024 is Monday through Thursday.</p>
<p>Our goal is to have the textile industry contribute even more to the development of a developed India. The textile industry in India is now valued at over Rs 12 lakh crore, PM Modi said.</p>
<p>“This event is combining threads of India and the world, the way a loom joins threads together,” he said.</p>
<p>“We are using the five Fs to connect every link in the textile value chain.Keeping this five Fs philosophy in mind, we are supporting farmers, MSMEs, and exports. In a sense, the whole scenario is in front of us as we go on this path of farm, fiber, factory, fashion, and foreign, PM Modi said.</p>
<p>In order to expand the scope and size of the industries, we have also modified the definition of MSME with regard to investment and turnover. They will be eligible to get the advantages of government programs even when they are adults.</p>
<p>The event has a unified farm to foreign via fiber, fabric, and fashion focus, spanning the full textile value chain, and is inspired by the prime minister’s 5F Vision, according to a statement released by the PM’s Office on Sunday.</p>
<p>With Bharat Tex, India will demonstrate its expertise in the textile industry and reassert its position as a major player in the world textile market.</p>
<p>Bharat Tex – 2024, which is being organized by a group of 11 Textile Export Promotion Councils with backing from the Center, is based on trade and investment, with a primary emphasis on sustainability.</p>
<p>Over 65 knowledge sessions with over 100 international experts covering different industry-relevant problems will take place during the course of the four-day event.</p>
<p>Together with a “Indi Haat,” interactive fabric testing areas, product demos, and pavilions devoted to sustainability and circularity, the event will also include fashion lectures on a variety of topics, including the history of Indian textiles, sustainability, and international designs.</p>
<p>In addition to textile students, weavers, craftsmen, and textile workers, Bharat Tex – 2024 is anticipated to draw in over 40,000 business visitors, over 3,000 buyers from over 100 countries, worldwide CEOs, and more than 3,500 exhibitors.</p>
<p>It is anticipated that the event will result in the signing of more than 50 memoranda and announcements, which will boost trade and investment in the textile industry as well as increase exports.</p>
<p>Dates of Bharat Tex 2024</p>
<p>26–29 February, 2024</p>
<p>Venue for Bharat Tex 2024</p>
<p>“Yashobhoomi” Convention Center and Bharat Mandapam are two locations in New Delhi.</p>

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