Union Minister for Textiles, Piyush Goyal, said on Wednesday that Bharat Tex 2024 will play a crucial role in the growth of the textile sector in India. During a review of the steering committee ahead of the global textile mega event, Bharat Tex 2024, scheduled from February 26 to 29 at Bharat Mandapam and Yashobhoomi in New Delhi, Goyal engaged with representatives from textile export promotion councils and other stakeholders.
Goyal emphasized the importance of ensuring the event's widespread inclusivity and shared his vision along with innovative strategies for the branding and promotion of Bharat Tex 2024. Additionally, he proposed the development of an online directory of all participating exhibitors, intended to function as a comprehensive encyclopedia covering all stakeholders in the textile industry.
Textile Industry Contribution
According to a report by Invest India, the country’s domestic apparel and textile industry contributes approximately 2.3% to the country’s GDP, 13% to industrial production, and 12% to exports. The sector holds a 4% share of the global trade in textiles and apparel. With direct employment for 45 million people and 100 million people in allied industries, India's textiles and apparel industry is the second-largest employer in the country.
India aims to achieve $250 billion in textiles production and $100 billion in exports by 2030.
Bharat Tex 2024 Highlights
Bharat Tex 2024, the world's largest textiles event, embodies India's 5F vision – Farm to Fibre to Factory to Fashion to Foreign. The expo aims to propel the growth of the textile industry and showcase India's potential as a mature, competitive global sourcing destination in the textile industry.
Uttar Pradesh is participating as the partner state, and Madhya Pradesh as the focus state. The expo will witness exhibitors and buyers from over 40 countries, with expectations of over 1,000 exhibitors and more than 30,000 visitors. The event will feature knowledge sessions, seminars, conferences, CEO roundtables, B2B & G2G meetings, strategic investment announcements, product launches, and collaborations that will redefine the global textile industry.
Under the National Technical Textiles Mission (NTTM), the Ministry of Textiles is organizing a hackathon titled “Fostering Innovations in Technical Textiles –Hackathon for unleashing creativity in technical textiles,” consisting of three phases: Ideation Phase, Development Phase & Presentation, and Judging Phase, covering 10 thematic areas in the domain of technical textiles.
– By Rupa Kumari
