00:00 There is a big opportunity for the textile industry.
00:03 There is a mega event in India, which includes more than 3000 businesses.
00:07 On February 26, 2024, PM Narendra Modi inaugurated the mega textile event Bharatex 2024 in the country.
00:15 More than 3000 businesses from 100 countries are participating in this mega event.
00:19 So what are the features of this event and what will India benefit from it?
00:24 Let's know in the video.
00:25 The name of this event has been kept Bharatex 2024.
00:28 A total of 46 MOUs will be signed in this event.
00:32 The area of the exhibition is 22 lakh square feet.
00:35 100 international speakers will participate in this event.
00:38 India's largest global textile event is taking place in Mandapam and Yashobhumi.
00:44 This event will start from February 26 and run until February 29.
00:47 Inspired by PM Modi's 5F vision, this exhibition will focus on the overall of the world from
00:55 the state, farm to foreign, which covers the entire value chain related to clothes.
01:02 In this event of 4 days, apparel, home furnishing, floor coverings, fibers, yarns, threads, fabrics,
01:09 carpets, silk, textile-based handicraft, technical textiles and many more things will be included.
01:17 This also includes a retail high street that focuses on India's fashion retail market opportunities.
01:23 Bharatex will also include art exhibitions by master craftsmen, interactive fabric testing
01:29 zone, product exhibitions and global fashion trend exhibitions.
01:33 This is India's attempt to present Brand India to international viewers.
01:38 This event will show India's strength in the textile sector.
01:41 The textile ministry is working with participants of the PLI scheme, which is a production-linked
01:47 incentive worth Rs 10,683 crores for this sector.
01:50 All their problems are being solved and in the next 4 to 6 years, Rs 70,000 crores i.e.
01:56 Rs 10,000 crores from each park is expected to be invested.
02:00 This can also provide employment to about 20 lakh people directly and indirectly.
02:06 In this event, leading global textile companies including Coach, Tommy Hilfiger, Kelvin Clean,
02:13 Veromoda, Coats, Toray, H&M, Gap, Target, Levi's, Coles will also be included.
02:20 And in this event, key textile hubs such as US, UK, Australia, Belgium, France, Spain,
02:25 Sweden, Switzerland, Germany, Netherlands and multilateral organizations and global
02:31 textile associations will also be present.
02:34 India's target is to do business worth $ 350 billion by 2030, which is now only $ 154 billion.
02:42 India's famous textile production states such as Uttar Pradesh, Maharashtra, Gujarat,
02:47 Madhya Pradesh, Telangana, Tamil Nadu, Rajasthan and Karnataka delegates will also be included.
02:52 So this is a very big textile event on an international level, on a global level, whose name is Bharat
02:59 Tex.
03:00 Its inauguration has been done today and it is going to run for 4 days.
03:03 This will give India a rise in the textile industry.
03:06 How did you get so much information in the video?
03:08 Do tell us by commenting.
03:12 YouTube. If you are watching on YouTube, don't forget to subscribe to the Goodrotels YouTube channel.
Comments