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Economy

PM Modi inaugurates Bharat Tex 2024, pledges support to textile sector's growth

"We have resolved to transform Bharat into a 'Viksit Rashtra' in the next 25 years. Four important pillars of Viksit Bharat are poor, youth, farmers and women. And notably, the textile sector of Bharat is connected with all these pillars.

- New Delhi - UPDATED: February 26, 2024, 02:20 PM - 2 min read

Prime Minister Narendra Modi inaugurates Bharat Tex at Bharat Mandapam today


Prime Minister Narendra Modi on Monday inaugurated the global textile event - 'Bharat Tex 2024' in Delhi, and in his speech promised support to the textile sector. He then underscored his administration's efforts in increasing the contribution of textile sector in building a developed India. 

 

When India will complete century of its' independence by 2047, the textile sector will play a pivotal role in nation's development, the prime minister affirmed. 

 

"We have resolved to transform Bharat into a 'Viksit Rashtra' in the next 25 years. Four important pillars of Viksit Bharat are poor, youth, farmers and women. And notably, the textile sector of Bharat is connected with all these pillars. Therefore, an event like Bharat Tex becomes very important for us all," the prime minister said. 

 

He further said in 2014, the valuation of textile market of India was less than Rs 7 lakh crore, whereas it has now crossed Rs 12 lakh crore. 

 

The prime minister also said that during the last 10 years, there has been a 25 per cent rise in the production of yarn, fabric and apparel. 

 

The government is very much focused on quality control in the textile sector, he added. 

 

"Our government is fully committed to support you in all your endeavours," the prime minister said. 

 

Bharat Tex 2024 is expected to witness participation of policymakers and global CEOs, over 3,500 exhibitors, over 3,000 buyers from over 100 countries, and more than 40,000 business visitors, besides textiles students, weavers, artisans and textile workers. 

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