The Centre government will be organising a global textiles fair in the month of February 2024 at Bharat Mandapam, the International Exhibition cum Convention Centre (IECC) complex at Pragati Maidan in New Delhi, Shri Piyush Goyal, Union Textiles Minister said, at the AsiaTex 2023 (a B2B Textile Trade Fair) organised by Hindustan Chamber of Commerce on the eve of Friday in Mumbai.
In his chief guest address at the Fair, Mr Goyal said that the newly developed IECC complex has spread over 123 acres. Indian Government will invite the entire global textile – clothing players to participate in the fair at the Bharat Madapam. Indian companies are also going to participate in the global event.
Mr Goyal further informed that apart from IECC, a new Exhibition cum convention centre will be set up in Dwarka near New Delhi which will be spread over 50 areas. A new Convention centre is already started in Greater Noida. There is also an international standard exhibition cum Convention centre already set up at BKC, Mumbai, known as JIO World Convention Centre.
While speaking on the Free Trade Agreement (FTA), he said that our country has already tied up with UAE and Australia. We are also in the process to finalise FTAs with UK. Moreover, talks are in the advance stage with other four countries including Switzerland, Norway and Iceland.
Regarding Technical Textiles Mission (TTM), he also said that the government has made provision of Rs 1,400 crore for this mission to promote Man Made Fibre textiles, Geo textiles and technical textiles. He insisted that textiles traders should expand their businesses into Technical Textiles sector.
At present, exports of textiles and clothing has reached to US$ $40-45 billion and it has potential to grow around US$ 100 billion in the next few years.
Mr Goyal suggested that the textiles trade should promote younger generation and specially ladies in the future.
Mr Shikharchand Jain, President of Hindustan Chamber of Commerce (HCC) has said that we are planning to organise AsiaTex fair every year on a bigger scale.