Ms. Roop Rashi, Textile Commissioner of India (TC), showing utmost satisfaction for the progress the event is making thus far of the collaborative spirit driving 'Bharat Tex' to level next showcasing decisively this platform as India's one-stop shop for all things textile sector stands to offer, strongly embodying the "India that is Bharat" ethos at a time when geopolitics is favouring India. Rashi very assuringly outlined the increasing government's supportive role and policy intervention working closely with the industry enabling it to build a robust ecosystem for the industry to reap the benefits of India being in the sweet spot currently.
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Narendra Goenka, Chairman of Bharat Tex 2024 and Ex-Chairman AEPC, who comes with vast industry experience set the context by alluding to the vantage position India's textile sector enjoys being 'front and centre of our national economy' against the nation's stated vision of self-reliance/ 'Make in India, Make for World' generating both plentiful jobs and earning precious Forex.
Goenka was quite appreciative of the government's vision for Bharat Tex, committed to making it a serious global show in the global textile events' annual calendar aiming in its strive to achieve an ambitious export target of $100 billion by 2030 and add 3.5 crore jobs.
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Bhadresh Dodhia, Chairman of MATEXIL, the new name for the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), shared a snapshot/ overview of Bharat Tex 2025, which is to be held on February 14-17 at Pragati Maidan, New Delhi and February 12-15 @ India Exposition Mart Ltd [ IEML], Greater Noida (U.P.).
What stood out was the outlining of a very comprehensive showcase envisaged & planned across both venues as mentioned above, working on the vision of the '5F' Formula encompasses - Farm to fibre; fibre to factory; factory to fashion spanning possibly the complete textile value chain from fibre to fashion, the event also boasts of co-located shows on garment machinery (GTE) and dyes & chemicals with the government/organizer underlying commitment to put a spotlight on attracting serious global buyers and curated meaningful and impactful knowledge sessions are only going to be value accretion.
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The elephant in the room is going to be global geopolitics development to potentially spoil growth prospects going forward.
Dr. Siddharth Rajagopal, Executive Director (ED) of TEXPROCIL who is vastly experienced, given the dynamics of the day harped on the nuances of "Kasturi Cotton" and laid stress on the administration's serious intent of branding and getting Indian cotton a more respectable position and recognition it deserves in the global market.
He emphasized given serious efforts and initiatives undertaken all these years viz the rigorous quality checks, traceability designed to be achieved through blockchain technology, and greater sustainability focus underpinning 'Kasturi Cotton' to all it takes positioning "Kasturi Cotton" as a movement to redefine/rebranding per se global perceptions of Indian cotton yet maintaining the bigger issue of providing higher returns for farmers 'the key stakeholder of India textile value chain'.
Gherzi Textile Organization, Partner Navdeep S. Sodhi, shared his global trade insights out of his rich global expertise and experience in how the megatrends are driving the global textile and apparel industry (T&C) of the day.
Outlining here three major waves of transformation how Sodhi looks at it are the following:
Summarising it; the phasing out of the Multi-Fibre Arrangement (MFA), the rise and rise and rise of China, and the concominant wave driven/shaped by sustainability, digitalization, and diversified/derisking sourcing.
Sodhi underpinned the pressing need for India's textile sector to adapt to these trends and cash in on/ capitalize on the opportunities presented by the reconstruction of global supply chains is being premised on geopolitics of shifting/recalibrating global supply chains.
Sodhi reflecting on the Indian textile and apparel industry's (T&A) growth trajectory, highlighted the potential investments strategic planning, and pivotal execution essentially required to accomplish the government's stated ambitious growth targets set by 2030, over here he categorically alluded to the vitality of public-private partnerships (PPP), need for both physical & digital infrastructure development, and all this cannot be achieved without supportive policy environment to propel India's textile industry to transform taking it the level next.
The event underpinned the serious intent and unwavering commitment of industry stakeholders and the government of India (GoI) to position India as a 'global textile powerhouse' attained out of a spotlight on the model of innovation, sustainability, and collaboration all along the textile supply chain projected out of "Bharat Tex 2025" sourcing show.