Bharat Tex 2024: A Showcase of India’s Textile Powerhouse Aspirations

The upcoming Bharat Tex exhibition scheduled for February is poised to be a comprehensive display of the entire textile value chain, bringing together participants spanning from farmers to fashion designers. The event, taking place at both Bharat Mandapam and the newly constructed Yashobhoomi in the capital, underscores India’s commitment to becoming a global textile powerhouse through innovation, collaboration, and the “Make in India” ethos.

Strategic Timing and Expansive Venue

Timed strategically to coincide with the announcement of general elections, the exhibition will cover an expansive two lakh square feet, equivalent to 45 football fields. With a focus on the textile sector, which involves a significant number of weavers, artisans, and workers, Bharat Tex 2024 aims to showcase India’s dedication to the complete textile value chain.

India’s 5F Vision: Farm to Fibre to Factory to Fashion to Foreign

Bharat Tex 2024 represents India’s 5F vision, encapsulating the entire textile journey from Farm to Fibre to Factory to Fashion to Foreign. This vision emphasizes India’s readiness to compete globally in the textile sector, producing not only for the domestic market but also for the international audience.

Global Participation and Industry Leaders

The four-day event is expected to attract global CEOs, policymakers, and more than 3,500 exhibitors from around the world. Over 3,000 overseas buyers from 40 countries and more than 40,000 domestic buyers are anticipated to participate. The textiles ministry, collaborating with trade bodies, has extended invitations to global players such as Chanel, LVMH, Uniqlo, Zara, and Walmart. Notably, Walmart is hosting its first global sourcing meeting around the same time.

Promoting “Local for Global” Theme

The organizers are working on the theme of “local for global,” aiming to showcase nearly 100 top Indian brands such as Fabindia, Nalli, Arvind Mills, and Raymond. The focus is on transforming Indian manufacturers from vendors for big brands to significant players on the international stage, ultimately contributing to improving unit value realization.

Export Ambitions and Economic Growth

India’s ambition is to secure a larger share of the global textile market, targeting an increase in exports from $45 billion to $100 billion. As the textile sector continues to be a major focus, Bharat Tex 2024 serves as a platform to elevate India’s standing and influence in the global textile landscape.

Month: Current Affairs - November, 2023

Category: Important Days & Events Current Affairs