BHARAT TEX 2024 (Syllabus: GS Paper 3 – Economy)

Context: The Ministry of Textiles under National Technical Textiles Mission (NTTM) is organizing a hackathon titled “Fostering Innovations in Technical Textiles –Hackathon for unleashing creativity in technical textiles” under “BHARAT TEX 2024” scheduled to be held on 26-29 Feb, 2024.

Bharat Tex 2024

• Dedication to Global Leadership: Bharat Tex 2024 goes beyond a trade show, symbolizing India's commitment to becoming a global textile leader through the display of innovation, collaboration, and the "Make in India" spirit.
• 5F Vision: The event is in harmony with India's 5F vision, encapsulating the entire textile production journey from Farm to Fibre to Factory to Fashion to Foreign, exemplifying a comprehensive approach.
• Curtain Raiser Highlights: At the curtain raiser event, the Textile Minister unveiled the official event logo, launched the dedicated website, and presented a promotional video, marking the official commencement of the event's promotional activities.

National Technical Textiles Mission (NTTM)

• Initiated by: Ministry of Textiles 
• Four-Year Duration: The mission spans four years, from 2020-21 to 2023-24.
• Objective - Global Leadership in Technical Textiles: Aims to establish India as a global frontrunner in the field of Technical Textiles.
• Market Size Target: The mission aspires to elevate the domestic market size of the technical textile sector to $40-50 billion by 2024, maintaining an annual growth rate of 15-20%.
• Support for 'Make in India': Aligns with the 'Make in India' initiative by advocating the domestic production of associated machinery and equipment.
• Aim: To reduce import dependence and boost domestic manufacturing of capital goods in the sector.
• Components:
• Research, Innovation, and Development
• Promotion and Market Development
• Export Promotion
• Education, Training, Skill Development
• Strategic Focus: Concentrates on expanding the application of technical textiles in flagship missions and programs across various sectors.