[ad_1]
India’s textile industry is set to experience substantial growth, with projections indicating it will reach $350 billion by 2030 and generate 35 million new jobs. Union Minister of Textiles, Shri Giriraj Singh, presented this announcement at the curtain-raiser event for ‘Bharat Tex 2025’ in New Delhi. Shri Singh expressed optimism that India would achieve global recognition for its ‘Bharat’ brand and dedication to eco-friendly textile products. The event was also graced by the presence of Union Minister of State for Textiles and External Affairs, Shri Pabitra Margherita, Textiles Secretary Ms. Rachna Shah, along with other senior officials from the Ministry.
Impact of Production-Linked Incentive Scheme
Shri Singh highlighted the Union Government’s Production-Linked Incentive (PLI) scheme for textiles, which aims to boost production and enhance branding within the apparel industry. He noted that the PLI scheme would help integrate the textile value chain and attract foreign direct investment (FDI) into the sector.
India Demographic Dividend and the 5F Vision:
Emphasizing India’s demographic advantage, Shri Singh noted that this could propel the country’s growth beyond that of China. He called on state governments to actively participate in the initiative, stating that the event embodies the Prime Minister’s 5F vision—Farm to Fibre to Factory to Fashion to Foreign.
Overview of Bharat Tex 2025:
Bharat Tex 2025, a premier international textiles event, is organized by a coalition of Textile Export Promotion Councils (EPCs) with support from the Ministry of Textiles. Set to occur from February 14-17, 2025, the event will be hosted at two cutting-edge venues: Bharat Mandapam in New Delhi and the India Expo Centre and Mart in Greater Noida. The main segment at Bharat Mandapam will encompass the full textile value chain, while the India Expo Centre and Mart will feature exhibitions on handicrafts, garment machinery, and ethnic apparel from February 12-15, 2025.
Focus Areas and Expected Attendance:
Building on the success of the previous edition in 2024, Bharat Tex 2025 will focus on resilient global value chains and textile sustainability. The event seeks to be even more vibrant and captivating, attracting key policymakers, global CEOs, international exhibitors, and buyers. Spanning 200,000 square meters, the exhibition will feature over 5,000 exhibitors, welcome 6,000 international buyers from over 110 countries, and is expected to draw more than 120,000 visitors. Approximately 100 international speakers will also participate.
Exhibition Highlights and Activities: The exhibition will showcase a wide array of textile products, including apparel, home furnishings, floor coverings, fibers, yarns, threads, fabrics, carpets, silk, and textiles-based handicrafts. Additionally, the event will feature a retail High Street focusing on India’s fashion retail market, and the India Expo Centre and Mart will display handicrafts, apparel machinery, and ethnic wear. The textile showcase will include a global-scale trade fair, conferences, seminars, CEO roundtables, and B2B and G2G meetings. Attendees can expect strategic investment announcements, product launches, live demonstrations, cultural events, fashion presentations, and sustainability workshops.
[ad_2]
Source link
