BHARAT TEX 24 (Syllabus: GS Paper 3 – Economy)

News-CRUX-10     26th February 2024        
Samadhaan

Context: Prime Minister of India inaugurate Bharat Tex 2024, one of the largest-ever global textile events to be organised in the country, on 26th February at Bharat Mandapam, New Delhi.


BHARAT TEX 2024

  • About: It is a global textile mega event organized by a consortium of 11 Textile Export Promotion Councils, supported by the Ministry of Textiles.
  • It serves as a prominent international platform for the textile industry, featuring a wide array of activities including exhibitions, knowledge sessions, thematic discussions, and more.
  • Stakeholder Engagement: The event aims to attract multiple stakeholders such as policymakers, global CEOs, international exhibitors, and buyers, fostering networking and collaboration opportunities.
  • Key Activities:

oExhibitions and Demonstrations: Dedicated pavilions on sustainability, recycling, and fabric testing zones offer insights into the latest innovations and practices in the textile industry.

oThematic Discussions: Thematic discussions cover topics such as resilient global supply chains, digitization, and other pertinent industry trends.

oNational Technical Textiles Mission (NTTM): It will oversee the hackathon, which focuses on research, development, and innovation, along with education, skill development, and market promotion for technical textiles.

oThe hackathon will consist of three phases: Ideation, Development, and Presentation and Judging, covering ten thematic areas ranging from Smart Textiles to Sustainable Textiles.

oTop three winners may be eligible for funding under the Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT), receiving up to INR 50 lakhs for a maximum of 18 months, subject to eligibility criteria.

  • Celebrating Indian Textiles:

oRich Heritage: Bharat Tex 2024 highlights India's legendary textile heritage, showcasing its diverse range of textiles, techniques, and traditions dating back centuries.

oImage Strengthening: The event strengthens India's image as a custodian of tradition, innovation, and sustainability in the textile industry.

oManufacturing Hub: It celebrates India's reliability as a competitive, sustainable textile manufacturing hub, showcasing its expertise across the entire value chain, from raw materials to end products.

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