India's largest global textiles show has line-up of 46 MoUs

Bharat Tex is set to be India's largest global textile event with 46 MoUs scheduled to be signed during the show including international partnerships.

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The show will have over 22 lakh sq ft exhibition area spread across 2 venues at Bharat Mandapam and Yashobhoomi, with participation of buyers from 100 countries and over 100 international speakers, according to Rachna Shah, Secretary, Ministry of Textiles. The 4 day event beginning 26 February will be formally inaugurated by Prime Minister Narendra Modi.

The show comes at a time when Indian textiles exports registered a growth of 1.18 per cent I January 2024 over the previous year while apparel exports registered a degrowth of 3.46 per cent during the same time period. Cumulative exports of textiles and apparel during January 24 have registered a degrowth of 2.29 per cent on year. During April' and 23-January 24, textiles exports registered a growth of 0.15 per cent over the previous year while apparel exports registered a degrowth of 13.14 per cent during the same time. Cumulative exports of textiles and apparel during April 23-January'24 have registered a degrowth of -5.87 per cent as compared to April 22- January 23, according to the Confederation of Indian Textile Industry (CITI).