{"id":37654,"date":"2025-02-19T19:30:47","date_gmt":"2025-02-19T14:00:47","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=37654"},"modified":"2025-02-25T12:14:16","modified_gmt":"2025-02-25T06:44:16","slug":"bharat-tex-2025-for-textile-industry","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/19-02-2025\/bharat-tex-2025-for-textile-industry","title":{"rendered":"Bharat Tex 2025 For Textile Industry"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/ Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bharat Tex 2025<\/strong>, India&#8217;s largest global textile event, took place in New Delhi, highlighting the country&#8217;s textile innovations and international trade opportunities.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bharat Tex 2025 <\/strong>served as a platform to accelerate the government&#8217;s &#8220;Farm to Fibre, Fabric, Fashion, and Foreign Markets&#8221; vision.&nbsp;<\/li>\n\n\n\n<li>The event featured over <strong>5,000 exhibitors <\/strong>and more than 1,20,000 trade visitors, from 120+ countries including global CEOs, policymakers, and industry leaders, attended the event.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India&#8217;s Textile Industry<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India is the <strong>sixth-largest exporter<\/strong> of textiles globally, contributing<strong> 8.21%<\/strong> to the country&#8217;s total exports in <strong>2023-24.<\/strong><\/li>\n\n\n\n<li>The sector holds a <strong>4.5% share<\/strong> in global trade, with the <strong>United States and European Union<\/strong> accounting for <strong>47% <\/strong>of India&#8217;s textile and apparel exports.<\/li>\n\n\n\n<li>The industry provides direct employment to over <strong>45 million<\/strong> people.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"ce6268\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"654\" height=\"357\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/02\/Indias-Textile-Industry.png\" alt=\"Indias Textile Industry\" class=\"not-transparent wp-image-37655\" style=\"--dominant-color: #ce6268; width:538px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/02\/Indias-Textile-Industry.png 654w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/02\/Indias-Textile-Industry-300x164.png 300w\" sizes=\"auto, (max-width: 654px) 100vw, 654px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>Supportive Policy Framework<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/17-03-2023\/pm-mitra-scheme\" data-type=\"link\" data-id=\"https:\/\/www.nextias.com\/ca\/current-affairs\/17-03-2023\/pm-mitra-scheme\">Prime Minister Mega Integrated Textile Region and Apparel (PM MITRA) Parks Scheme<\/a>:<\/strong> 7 mega textile parks with an expected investment of <strong>USD 10 Bn<\/strong> are being set up with world class infrastructure, plug and play facilities and an integrated ecosystem.<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.nextias.com\/blog\/production-linked-incentive-pli\/\" data-type=\"link\" data-id=\"https:\/\/www.nextias.com\/blog\/production-linked-incentive-pli\/\">Production Linked Incentive (PLI) Scheme<\/a><\/strong> with approved incentives of <strong>INR 10,683 crore <\/strong>to promote production of Man-made fibers (MMF) Apparel, MMF Fabrics and Products of Technical Textiles.<\/li>\n\n\n\n<li><strong>Samarth:<\/strong> The scheme is a demand-driven and placement-oriented program to build Capacity, address skill gaps in the textile value chain.<\/li>\n\n\n\n<li><strong>National Handloom Development Programme (NHDP): <\/strong>&nbsp;Financial and market support for handloom weavers.<\/li>\n\n\n\n<li><strong>Raw Material Support:<\/strong> Promotion of cotton, jute, silk, and wool to improve quality and yield.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Challenges Facing India\u2019s Textile Industry<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>High Raw Material Costs<\/strong>:\u00a0Fluctuating cotton, jute, and synthetic fiber prices.<\/li>\n\n\n\n<li><strong>Outdated Technology:<\/strong> Low adoption of automation and modern machinery.<\/li>\n\n\n\n<li><strong>Global Competition: <\/strong>Strong competition from China, Vietnam and Bangladesh.<\/li>\n\n\n\n<li><strong>Environmental Regulations:<\/strong> Compliance with sustainability norms and pollution control.<\/li>\n\n\n\n<li><strong>Skilled Labor Shortage: <\/strong>Workforce needs upskilling to meet industry demands.<\/li>\n\n\n\n<li><strong>Supply Chain Issues: <\/strong>Logistics inefficiencies and export-import bottlenecks.<\/li>\n\n\n\n<li><strong>Limited Market Access: <\/strong>Trade barriers, high tariffs, and FTA limitations.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Way Ahead<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Technology Upgradation: <\/strong>Invest in automation and modern machinery.<\/li>\n\n\n\n<li><strong>Sustainable Practices:<\/strong> Promote eco-friendly production and waste management.<\/li>\n\n\n\n<li><strong>Skill Development: <\/strong>Strengthen workforce training through Samarth and other initiatives.<\/li>\n\n\n\n<li><strong>Global Market Expansion: <\/strong>Leverage FTAs and improve export competitiveness.<\/li>\n\n\n\n<li><strong>Raw Material Security: <\/strong>Enhance cotton, jute, silk, and wool production.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=2104423\" rel=\"nofollow noopener\" target=\"_blank\"><strong>PIB<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Tex 2025, India&#8217;s largest global textile event, took place in New Delhi, highlighting the country&#8217;s textile innovations and international trade opportunities.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-37654","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/37654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=37654"}],"version-history":[{"count":2,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/37654\/revisions"}],"predecessor-version":[{"id":37991,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/37654\/revisions\/37991"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=37654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=37654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=37654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}