Facts for Prelims (FFP)
Source: PIB
Context: Bharat Tex 2024, India’s largest textile event, concluded after four days of showcasing over 100 product announcements, international Memoranda of Understanding (MoUs), investment decisions, and research collaborations.
- The event attracted 3,000 buyers from over 100 countries and saw participation from over 10,000 artisans, weavers, students, factory workers, NGOs, and producer companies.
- Bharat Tex 2024 also served as a platform for launching various initiatives and projects, including IndiaTEX and the Textile Grand Innovation Challenge, aimed at fostering innovation and sustainability in India’s textile industry.
About IndiaTEX:
The project ‘Accelerating the Transition of the Indian Textile Sector towards Circularity’ (IndiaTex) is a four-year initiative funded by the Ministry of Foreign Affairs of Denmark and implemented in collaboration with the Government of India’s Ministry of Textiles.
- IndiaTex aims to expedite the transition of the Indian textile sector towards circularity.
- The project, spanning from December 2023 to December 2027, will focus on working with industry stakeholders, including small and medium-sized enterprises (SMEs) and textile clusters.
- Specific objectives include supporting SMEs in calculating their Product Environmental Footprint (PEF), assisting SME brands in adopting circular business models, and collaborating with the Indian government to develop and implement circular textile policies.
