June 17, 2024
Event

Explore Global Markets As Against Just Local Markets: PM Modi

Prime Minister Narendra Modi after inaugurating Bharat Tex 2024 said the Indian textile and apparel industry needs to think big by increasing exports rather than concentrating on just the domestic market.

“It is important to come out of the mindset that India itself is a big market and mull on increasing exports to worldwide markets,” PM Modi said.

The PM pointed out that the government had enhanced the outlay of the textiles sector from Rs 7 lakh crore to Rs 12 lakh crore.

There has been a 25 per cent jump in textile production in the country and the inflow of FDI into the sector has doubled during the tenure of the present government.

“Our vision to become a developed country in the next 25 years is based on four pillars – poor, farmers, youth and woman, and the country’s textile and garment sector involves all of these,” he added.

Our focus is on tradition, talent, training and technology and it is also important to bring out new designs on a regular basis,” PM Modi stated.

He urged the textiles industry to adopt environment-friendly technology and avoid the use of chemicals and promote the use of natural colours as part of a new back to basics approach.

According to the PM, the government is focusing on farmers, weavers, MSMEs, and exports, based on the 5F vision which is Farm to Fibre to Factory to Fashion to Foreign.

He further said that PM MITRA Park is an effort to bring the overall textile value chain together at one place and where modern ecosystem will be available under plug and play system to reduce logistics cost.

“Bharat Tex is a platform for joining technology with traditions and brings together style, sustainability, and skill and is bringing together several countries of the world,” Modi informed.

PM Modi recalled contribution of the textile industry during the Covid-19 pandemic and said the textile industry in record time supplied masks and PPE kits not only to local markets, but also exported them.

“Khadi has become a symbol of development and due to R&D efforts, sales of khadi have risen in India, but the potential to export khadi has not been fully exploited,” PM Modi mentioned.

The Prime Minister said, Kasturi Cotton is going to be a big step towards creating India’s own identity. He said, the positive impacts resulting from efforts of a stable government on the textile sector can well be seen.

The four-day event covers over 22 lakh sq ft exhibition area spread across two venues at Bharat Mandapam and Yashobhoomi in the national capital.

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