Prime Minister Narendra Modi inaugurated the four-day Bharat Tex Expo 2024 at Bharat Mandapam, heralding it as the world's largest textiles event. In his address, PM Modi underscored the government's dedication to integrating all facets of the textile value chain, encapsulated by the strategy of the five F’s: Farm, fibre, factory, fashion, and foreign.

Government's five F’s strategy

PM Modi elucidated on the significance of the five F’s strategy, emphasizing its pivotal role in fostering holistic growth within the textile sector. By aligning efforts towards farm support, fibre development, factory enhancement, fashion promotion, and foreign market expansion, the government aims to bolster the entire spectrum of textile activities. Notably, the recent amendments in the MSME definition regarding investment and turnover seek to empower smaller enterprises, ensuring their access to government initiatives and fostering industry scalability.

Reaffirming the government's unwavering support, PM Modi assured the textiles sector of comprehensive assistance. He reiterated the administration's commitment to augmenting the textile industry's contribution towards India's progress.

Focus on MSME sector

Addressing the Micro, Small & Medium Enterprises (MSME) sector, PM Modi highlighted the series of measures implemented to fortify its foundations. Amendments in the MSME definition aim to bridge the gap between artisans and the market, empowering businesses of all sizes to thrive.

The event witnessed substantial participation, with over 3,000 exhibitors, 3,000 buyers from 100 nations, and approximately 40,000 trade visitors in attendance. This robust engagement underscores the global significance of Bharat Tex Expo 2024 as a premier platform for textile trade and collaboration.

Emphasis on Kasturi Cotton

PM Modi emphasized the role of Kasturi Cotton in shaping India's identity on the global stage. Recognizing India's position as a leading producer of cotton, jute, and silk, he lauded the government's support to farmers and underscored the significance of initiatives like Kasturi Cotton in fostering national pride and sustainability.

Highlighting the textile sector's remarkable growth trajectory, PM Modi noted a 25 per cent increase in the production of yarn, fabric, and apparel over the last decade. This exponential growth reflects the positive impact of stable governance and visionary policies on India's textile landscape, propelling the industry's valuation to over Rs 12 lakh crores.

Bharat Tex 2024: A confluence of trade and investment

Organized by a consortium of 11 Textile Export Promotion Councils and bolstered by government support, Bharat Tex 2024 is positioned as a catalyst for trade and investment in the textile sector. With a strategic focus on sustainability, the event features an extensive lineup of knowledge sessions and global panel discussions aimed at addressing key industry challenges and fostering collaborative solutions.

Bharat Tex 2024 is poised to galvanize investment, trade, and exports in the textile sector, with over 50 announcements and MoUs expected to be signed during the event. By fostering dialogue, innovation, and partnerships, the expo aims to propel the textile sector towards a sustainable and prosperous future.

A showcase of India's textile diversity

Bharat Tex Expo 2024 has designated Uttar Pradesh and Maharashtra as 'Partner States,' recognizing their significant contributions to the Indian textile industry. This acknowledgment aims to underscore the pivotal role these states play in shaping the country's textile landscape. Additionally, the event is set to feature the vibrant textile offerings from Gujarat, Telangana, and Madhya Pradesh, now identified as "Supporting Partner States," further enriching the diversity on display.

The world's largest textiles event, Bharat Tex 2024, serves as a premier platform to exhibit the diverse textile ecosystems thriving across different regions of India. The inclusion of state pavilions from Andhra Pradesh, Tamil Nadu, Karnataka, and Assam adds depth to the showcase, allowing attendees to explore the rich tapestry of India's textile heritage.