PM sets Rs.9lcr target for textile-apparel exporters
India saw a 7% increase in textile and apparel exports last year, reaching Rs.3 lakh crore (lcr), Prime Minister Narendra Modi said at the second edition of Bharat Tex 2025.
He has set a target to increase the sector exports to Rs.9 lakh crore by 2030, pointing out that the country now ranks as the sixth-largest exporter of textiles and apparels in the world https://fieo.org/.
“More than 120 countries are participating in the Bharat Tex today (Feb 16),” noted PM Modi, adding that this meant that every exhibitor had the exposure to more than 120 countries, giving them the opportunity to expand their business from local to global.
He added that those entrepreneurs in search of new markets were getting a good exposure of the cultural needs of various global markets at Bharat Tex, a global platform for engagement, collaboration and partnership for the policymakers, CEOs and industry leaders from across the world https://www.nseindia.com/.
“Textile industry is one of the largest providers of employment opportunities in the country, contributing 11% to India’s manufacturing sector”, he added http://ministryoftextiles.gov.in.
Listing five factors for the textile industry: farm, fiber, fabric, fashion, and foreign, the Prime Minister noted that the country’s vision is becoming a mission, and opening new growth avenues for farmers, weavers, designers, and traders https://www.bseindia.com/ .
Bharat Tex 2025 was held14-17 Feb 2025. It also featured a Global scale conference with over 70 sessions, Roundtables, Panel Discussions, and master classes.
Bharat Tex 2025 was attended by policymakers and global CEOs, over 5,000 Exhibitors, 6,000 international buyers from over 120 countries among various other visitors. Over 25 Leading Global textile bodies and associations from across the world including International Textile Manufacturers Federation (ITMF), International Cotton Advisory Committee (ICAC), EURATEX, Textile Exchange, US Fashion Industry Association (USFIA) among others will also participate. Fiinews.com
