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India's textile industry expected to grow to USD 350 bn by 2030

By TIOL News Service

NEW DELHI, SEP 05, 2024: INDIA'S textile industry is expected to grow to USD350 bn by 2030 and add 3.5 crore jobs. This was stated by Union Minister of Textiles, Giriraj Singh during the Curtain Raiser event of 'Bharat Tex 2025' today in New Delhi. He further expressed hope of India being recognised by its 'Bharat' brand and green sustainable textile products at the world stage. Union Minister of State for Textiles and External Affairs, Pabitra Margherita, Textiles Secretary, Rachna Shah and other senior officials of the Ministry also graced the event. 

Singh asserted that the Union Government's PLI scheme for textiles will enable the apparel industry to boost production and promote their branding. The Minister also added that the PLI scheme will enable linking of the textile value chain and lure FDI in the country.   

Singh emphasised that the Indian demographic dividend will aid India's growth ahead of China and urged the state governments to equally participate in the event. "With innovation, collaboration, and the Make in India spirit at its core, this event is an embodiment of the 5F vision of the Hon'ble Prime Minister- Farm to Fibre to Factory to Fashion to Foreign", he added.

Bharat Tex 2025 is a global textiles event being organised by a consortium of Textile Export Promotion Councils (EPCs) and supported by the Ministry of Textiles. Scheduled to be held from February 14-17, 2025 BHARAT TEX 2025 is positioned as a global scale textile trade fair and knowledge platform.

The event will be held simultaneously at two state-of-the-art venues, of Bharat Mandapam, New Delhi and India Expo Centre and Mart, Greater Noida. While the main event will be held from February 14-17, 2025 at the Bharat Mandapam and will cover the entire value chain of textiles, exhibitions pertaining to handicrafts, garment machinery, ethnic apparel will be exhibited from February 12-15, 2025 at the India Expo Centre and Mart, Greater Noida.

Bharat Tex 2025 aims to build on the resounding success of the last edition in 2024. Built around the twin themes of resilient global value chains and textile sustainability, this year's show promises to be even more vibrant and attractive than the first edition, attracting top policymakers, global CEOs, international exhibitors and global buyers.

Spanning 200,000 square meters, the event will host over 5,000 Exhibitors, 6,000 international buyers from over 110 countries and over 1, 20,000 visitors are expected to participate in this year's event. Around 100 international speakers are also going to participate in the event.

The Bharat Tex exhibition will feature Apparel, Home Furnishings, Floor Coverings, Fibres, Yarns, Threads, Fabrics, Carpets, Silk, Textiles based Handicrafts, Technical Textiles and many more. It will also have a retail High Street focusing on India's fashion retail market opportunities. Besides, exhibitions on handicrafts and apparel machinery, displays of ethnic wear shall be hosted at the sister venue of India Expo Centre and Mart, Greater Noida.

The textile extravaganza will offer a range of activities, a global sized trade fair and expo, a global scale textiles conference, seminars, CEO roundtables, and B2B and G2G meetings. It will also feature strategic investment announcements, product launches, and collaborations poised to reshape the global textile industry. Attendees can look forward to live demonstrations, cultural events, and fashion presentations, designer and brand exhibitions and sustainability workshops, and expert talks.

The curtain raiser event for Bharat Tex 2025 drew a distinguished gathering of industry associations, textile sector leaders, and senior officials from various ministries. More information about Bharat Tex 2024 Expo available at www.bharat-tex.com


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