Context:
Bharat Tex 2024, the largest global textile event in India, concluded at Bharat Mandapam, New Delhi, inspired by the 5F Vision of the Prime Minister of India.
Relevance:
Facts for Prelims
Key Highlights of Bharat Tex Event
- 5F Formula:
- Encompasses the entire textile value chain: Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.
- Organizers and Support:
- Organized by a consortium of 11 Textile Export Promotion Councils.
- Strong support from the Ministry of Textiles.
- State Participation:
- Leading textile states, including Uttar Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Telangana, Tamil Nadu, and Karnataka, actively participated with dedicated pavilions.
- Initiatives Launched:
- Launchpad for initiatives such as ‘Innovative Business Practices and Economic Models in the Textile Value Chain in India’ (IndiaTex) and Textile Grand Innovation Challenge.
- IndiaTex Project:
- A four-year UN Environment Programme project to accelerate the transition of the Indian textile sector towards circularity.
- MoUs and Collaborations:
- Multiple Memorandum of Understandings (MoUs) signed, spanning academic collaboration, research, product development, and market linkage.
