Manmade and Technical Textiles Export Promotion Council (MATEXIL)

MATEXIL NEWS UPDATES 15 FEBRUARY, 2025

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Union Minister of Textiles Shri Giriraj Singh visits Bharat Tex 2025 at Bharat Mandapam

The Union Minister of Textiles, Shri Giriraj Singh, visited Bharat Tex 2025 on its opening day today at Bharat Mandapam, New Delhi. Organized by the consortium of 12 Textile Export Promotion Councils and supported by the Ministry of Textiles, this main event is being held from February 14-17, 2025 at the Bharat Mandapam, New Delhi, and will cover the entire value chain of textiles, from raw materials and fibers to finished products, technical textiles, home furnishings, and high-end fashion. Related exhibitions such as accessories, garment machinery, dyes and chemicals and handicrafts, are being held from February 12 to 15 at the India Expo Centre and Mart Greater Noida.

Bharat Tex 2025 is one of the world’s largest textile expos, bringing together policymakers, industry leaders, global brands, and stakeholders from across the textile value chain under one roof. With over 5,000 exhibitors and participation from more than 120 countries, Bharat Tex 2025 has drawn significant global interest, reflecting India’s growing influence in textile trade.

This year’s event is built around the twin themes of resilient global value chains and textile sustainability. This mega textile event offers a range of activities, covering a global sized trade fair and expo, a global scale textiles conference, seminars, CEO roundtables, and B2B and G2G meetings. It will also feature strategic investment discussions, product launches, and collaborations poised to reshape the global textile industry. Dedicated buyer-seller meets, policy roundtables and networking sessions will enhance international business collaborations, reinforcing India’s position as a preferred global sourcing destination.

With participation from leading textile manufacturers, global retail giants, and industry associations, Bharat Tex 2025 is set to facilitate high-value trade discussions and partnerships. The event will host over 70 conference sessions, featuring top international speakers, industry veterans, and policymakers discussing key topics such as global trade shifts, technical textiles, AI-driven manufacturing, and the future of sustainable fashion.

Fusion of India's historical textile expertise with contemporary trends will be a highlight of the event. Fashion shows, trend forecasts, and product launches will provide a glimpse into the future of textiles, while traditional displays and cultural performances will celebrate the enduring legacy of Indian craftsmanship. This year’s event also enforces India's 5F vision – Farm to Fibre, Fabric, Fashion, and Foreign Markets, positioning the country as a reliable and sustainable sourcing destination for global textile companies.

Bharat Tex 2025 promises to be a celebration of the textile industry's past, present, and future. It aims to be a key influencer in shaping global textile trends, driving innovation, and promoting sustainability. As the industry looks towards more integrated and sustainable practices, Bharat Tex 2025 will undoubtedly play a pivotal role in this transformative journey.

Source: PIB

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PM Modi to address global textile industry at Bharat Tex on Sunday: Giriraj

Prime Minister Narendra Modi will address the domestic and international textile industry buyers at the Bharat Tex on February 16, Union Minister Giriraj Singh told the reporters on Friday. The Textiles Minister said as many as 6,000 foreign buyers -- twice as many as last year's -- are participating in Bharat Tex, making it the world's biggest textile fair. The event being held from February 14 to 17 will have more than 5,000 exhibitors. It is expected to attract buyers from more than 110 countries and over 1,20,000 visitors, including policymakers, global CEOs and industry leaders.

Source: Business Line

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Bharat Tex 2025: India becomes a reliable sourcing destination for global textile firms

New Delhi: India's 5F vision Farm to Fibre, Fabric, Fashion, and Foreign Markets has positioned the country as a reliable and sustainable sourcing destination for global textile companies, the government has said. In this context, ‘Bharat Tex 2025’ event features a comprehensive showcase of India’s textile ecosystem, covering everything from raw materials and fibers to finished products, technical textiles, home furnishings, and high-end fashion. Being held in the national capital from February 14 February 17, the event covers the entire value chain of textiles from raw materials and fibres to finished products, technical textiles, home furnishings, and high-end fashion.
According to Union Minister of Textiles Giriraj Singh, ‘Bharat Tex 2025’ showcases resilient global value chains and textile sustainability. Organised by the consortium of 12 Textile Export Promotion Councils and supported by the Ministry of Textiles, the event is one of the world’s largest textile expos, bringing together policymakers, industry leaders, global brands, and stakeholders from across the textile value chain under one roof. With over 5,000 exhibitors and participation from more than 120 countries, Bharat Tex 2025 has drawn significant global interest, reflecting India’s growing influence in textile trade, according to the Ministry of Textiles.
With participation from leading textile manufacturers, global retail giants, and industry associations, ‘Bharat Tex 2025’ is set to facilitate high-value trade discussions and partnerships. The event will host over 70 conference sessions, featuring top international speakers, industry veterans, and policymakers discussing key topics such as global trade shifts, technical textiles, AI-driven manufacturing, and the future of sustainable fashion. ‘Bharat Tex 2025’ promises to be a celebration of the textile industry's past, present and future. This year’s event is built around the twin themes of resilient global value chains and textile sustainability. This mega textile event offers a range of activities, covering a global sized trade fair and expo, a global scale textiles conference, seminars, CEO roundtables, and B2B and G2G meetings. Related exhibitions such as accessories, garment machinery, dyes and chemicals and handicrafts, are being held till February 15 at the India Expo Centre and Mart in Greater Noida.

Source: Assam Tribune

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Union Minister of Textiles Shri Giriraj Singh Inaugurates Garment technology, Dyes & chemicals, Handicraft events at the India Expo Centre and Mart, Greater Noida

The Union Minister of Textiles inaugurated Garment technology, Dyes & chemicals, Handicraft events at the India Expo Centre & Mart, Greater Noida by lighting the lamp. The Greater Noida event is being held under the umbrella of Bharat Tex 2025 while the mega event will be held at Bharat Mandapam, New Delhi from Feb 14 to 17 2025 in a 2.2 million square feet exhibition space and with over 5,000+ exhibitors. The event at Bharat Mandapam is expected to attract 6,000+ international buyers from 110+ countries and over 120,000+ visitors, including policymakers, global CEOs, and industry leaders. In his inaugural address, the Union Minister Shri Giriraj Singh exhorted that the exhibitions ranging from garment technology and sustainable dyes to handicrafts points to the importance of these segments in textile value chain. HMoT added that this is a unique initiative that unites industry leaders, manufacturers, and artisans to showcase their excellence, and will drive future-ready solutions, sustainability, and trade opportunities on an unprecedented scale.”

Four co-located events, each playing a crucial role in the global textile supply chain will be showcased under the banner of Bharat Tex 2025 at the India Expo Centre & Mart, Greater Noida. The Garment Technology Expo (GTE) 2025, South East Asia’s leading apparel production technology event, will showcase cutting-edge machinery, processes, and solutions, bringing together manufacturers, designers, and industry professionals to explore the latest advancements.

Dye Chem World Bharat Tex 2025 will focus on sustainable dyes, chemicals, and innovative raw materials that support the textile industry's shift towards eco-friendly manufacturing. With sustainability taking center stage, this segment will highlight how raw material suppliers are adopting advanced technology to reduce environmental impact while maintaining product quality.  Another significant highlight will be the Indian Handicrafts Pavilion, featuring over 450 exhibitors from across the country. This segment will showcase a diverse range of handcrafted products, including home décor, furnishings, fashion accessories, and Geographical Indication (GI) products. By integrating handicrafts into the textile and apparel value chain, the event promotes traditional artisans while catering to evolving consumer demands for unique and high-quality handmade products.  In addition to the exhibitions, India Expo Centre and Mart, Greater Noida will also host the India Sourcing Conclave (ISC), organized by the Sourcing Consultants Association. The conclave will feature insightful discussions led by industry experts on global sourcing trends, export strategies, and foreign trade policies. By providing a platform for knowledge exchange, the conclave aims to strengthen India’s position as a reliable and competitive sourcing hub for the global textile market.

With over 1,000 exhibitors and thousands of visitors expected, these events will serve as a crucial hub for networking, business collaborations, and industry advancements. The event aligns with the Government's vision of enhancing India’s textile exports, encouraging sustainable manufacturing, and strengthening the country’s position as a global sourcing destination.

Source: PIB

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Empowering Minority Artisans on a Global Stage at Bharat Tex 2025

As part of its commitment to empowering artisans from minority communities, the Ministry of Minority Affairs is supporting 100 skilled artisans from across India to showcase their traditional crafts in home décor, fashion, textiles, and furniture at Bharat Tex 2025. Scheduled from February 12-15, 2025, at the India Expo Centre & Mart, Greater Noida, the mega event of Bharat Tex 2025 will bring together 5,000+ exhibitors, 6,000+ international buyers from 110+ countries, and over 1,20,000 visitors.

 This initiative by the Ministry provides artisans from minority communities with a global platform to connect with buyers, understand market trends, and expand their reach, ensuring sustainable livelihoods and greater economic opportunities.

Bharat Tex 2025, India’s premier global textile event, seamlessly blends the country’s rich textile heritage with modern innovation. Spanning 2,20,000 sq. mts., it showcases the entire textile value chain, including apparel, home furnishings, fabrics, technical textiles, machinery, chemicals, and startups.

Source: PIB

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PM Modi says US and India target $500 billion bilateral trade by 2030

Prime Minster Narendra Modi said on Thursday the United States and India have set a target of doubling their bilateral trade to $500 billion by 2030 and will work on concluding a mutually beneficial trade agreement very soon. Modi made the comment at a press conference after a meeting with President Donald Trump in Washington. Modi said the U.S. and India would work together on artificial intelligence and semiconductors and focus on establishing strong supply chains for strategic minerals. "We have ... set ourselves the target of more than doubling our bilateral trade to attain $500 billion by 2030. Our teams will work on concluding very soon, a mutually beneficial trade agreement,” Modi said.

A Trump administration official told reporters earlier that U.S. and Indian officials were also moving forward with talks on a bilateral trade deal and they hoped to have a deal in place this year. Trump told the news conference India had announced a reduction of tariffs on U.S. goods and said he and Modi would begin talks on disparities on trade with the goal of signing an agreement.

He said the United States was entitled to a level playing field and the U.S. trade deficit with India could be made up with the sale of oil and gas. Trump said he had discussed India's high tariffs during his first term but was unable to extract any concessions. He said that under the new reciprocal tariffs system he announced on Thursday, the U.S. would simply charge the same tariff rates that India charged. "It's very hard to sell into India because they have trade barriers, very strong tariffs," he said. "We are, right now, a reciprocal nation... We're going to have whatever India charges, we're charging them. Whatever another country charges, we're charging them. So it's called reciprocal, which I think is a very fair way."

Source: Economic Times

Bharat Tex showcasing India’s vivid textile industry kicks off

NEW DELHI: India’s premier textile industry event, Bharat Tex 2025 kicked off on Friday at the Bharat Mandapam. Organized by a consortium of 11 major textile industry bodies and supported by the Ministry of Textiles, the event will span four days, concluding on February 17.

Union Minister of Textiles Giriraj Singh inaugurated the event, highlighting India’s rich textile heritage and its evolving role in the global market. He emphasized the event’s significance in showcasing India’s capabilities in innovation and sustainability and as a leading investment destination.

The event saw participation from over 5,000 exhibitors, including international participants from nearly 110 countries. The event is expected to attract over 1,20,000 visitors, encompassing policymakers, CEOs, industry leaders, and buyers.

The exhibition is structured into dedicated pavilions, each highlighting a key sector of the textile industry. The Textile Raw Materials section features exhibitors specializing in natural fibres like cotton, wool, and silk, along with synthetic and man-made fibres. The Fabrics pavilion showcases a diverse range of woven, knitted, and non-woven textiles catering to various applications.

PM Narendra Modi is set to address both domestic and international buyers on Sunday. His speech is expected to provide insights into the government’s vision for the sector and its role in the economic landscape.

Source: Indian Express

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India's MP clears new Industrial Promotion Policy with 10 sub-policies

India’s Madhya Pradesh cabinet recently approved the state’s Industrial Promotion Policy 2025 to attract domestic and foreign investment and generate 2 million jobs.

The policy comprises ten sub-policies, which cover agriculture, textile, apparel, footwear, electric vehicles (EVs) manufacturing, renewable energy equipment manufacturing and high value-added manufacturing.

The objective is to attract speedy investment to increase the state's current gross domestic product from ₹2.9 lakh crore to about ₹6 lakh crore by the year 2030, increase employment opportunities and creating about 20 lakh new employment opportunities in the next five years, improving investor facilitation and simplifying the process of doing business and preparing a trained workforce for the future, an official release said.

The Global Investors Summit (GIS) is scheduled to be held in Bhopal beginning February 24. The policy also includes provisions for investment incentive support, general assistance and additional aid for large and mega-scale industrial units.

Under the textile policy, 5-per cent interest subsidy on term loans for plant and machinery, up to ₹50 crore for five years, 25-per cent financial assistance (up to ₹50 lakh) for establishing apparel training institutes and mega-category units investing over ₹500 crore will qualify for customised packages under the Cabinet Committee for Investment Promotion.

The policy for apparel, footwear, toys and accessories includes ₹5,000 per employee per month for five years to encourage job creation (within a 10-year period), ₹13,000 per new employee for training and skill development over five years, 5-per cent interest subsidy on term loans, up to ₹50 crore, 25-per cent concession on development fees and cent per cent exemption on stamp duty and registration fees.

Source: Fibre2fashion

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Donald Trump vows 'fairness and reciprocity' during PM Modi's visit amid tariff woes
 

Synopsis President Donald Trump and Indian Prime Minister Narendra Modi committed to negotiating fair trade terms and potentially increasing U.S. tariffs on Indian goods. Trump stressed achieving a balance in the trade relationship, while both leaders discussed economic and military collaborations, including increased military sales and the potential extradition of a 2008 Mumbai attacks plotter. President Donald Trump met Thursday with Indian Prime Minister Narendra Modi and vowed to bring "fairness and reciprocity" to their countries' economic relationship, which he said would involve reducing U.S. trade deficits and likely raising tariffs. As he has in recent meetings with other foreign leaders, Trump said he wanted to ensure that the U.S. erases global trade deficits. He said both the U.S. and India would begin negotiations to increase trade in coming weeks, but also said more U.S. tariffs on Indian goods might be coming from his administration. "Whatever India charges, we charge them," Trump said at a joint news conference. "So frankly, it no longer matters to us that much what they charge" He added, "Really, we want a certain level playing field." As he has in the past, Modi lavished praised on Trump, saying that he's determined to "Make India Great Again," or "MIGA." That's a play on the president's "MAGA" or "Make America Great Again" catch phrase and movement.  Trump also said he'd back extraditing one of the plotters of the 2008 Mumbai attacks, appeared to be referencing Tahawwur Hussain Rana who was convicted in 2011 in the U.S. for plotting an attack on a Danish newspaper. "He's going to be going back to India to face justice," Trump said, latter adding that "we're giving him back to India immediately." Trump said more extraditions could be coming. Trump also said the U.S. would soon increase military sales in India by "many millions of dollars," paving the way to ultimately provide India with the F-35 stealth fighter planes - something the country has long sought. The U.S. and India have a trade deficite of $50 billion in India's favor. The IndoU.S. goods and services trade totaled around $190.1 billion in 2023. According to India's External Affairs Ministry, the U.S. exports to India were worth nearly $70 billion and imports $120 billion. Before the news conference, Trump and Modi greeted each with a hug in the lobby of the West Wing, then met in the Oval Office. The president called Modi a "great friend" despite just signing an order to increase tariffs to match the tax rates that other countries charge on imports, which affects American trading partners around the world - including India. Modi is looking to avoid U.S. tariffs and to improve relations with Washington and the West overall, which have been frosty lately after Modi refused to condemn Russia for its war on Ukraine. "The world had this thinking that India somehow is a neutral country in this whole process," Modi said, praising Trump for speaking with Russia and Ukraine's leaders on Wednesday. "But this is not true. India has a side, and that side is of peace." Trump, a Republican, previously imposed tariffs on China and says more are coming against the European Union, while threatening similar against Canada and Mexico and expanding tariffs on steel and aluminum he initially imposed during his rst term. The White House insists that in signing Thursday's round of what Trump called "reciprocal" tariffs, he is levelling the playing field between U.S. manufacturers and foreign competitors - though these new taxes would likely be paid by American consumers and businesses either directly or in the form of higher prices. Even prior to signing the new round of reciprocal tariffs, however r, Trump objected to Indian tariffs. He repeatedly dubbed Modi's country a "tariff king." At the White House, Modi called India's existing tariffs "unfair and very strong." Even before Modi arrived, New Delhi showed willingness to buy more American oil and lower its own tariffs on U.S. goods, including on some Harley-Davidson motorcycles, from 50% to 40% - moves it took prior to Modi's coming to Washington.  Also, India in 2023 dropped retaliatory tariffs on U.S. almonds, apples, chickpeas, lentils and walnuts. Trump has decried U.S. trade deficits around the world and said he'll work to shrink them, including during his meetings at the White House last week with Japanese Prime Minister Shigeru Ishiba. Modi is the fourth foreign leader to visit Trump since his inauguration last month, following Israeli Prime Minister Benjamin Netanyahu, Ishiba of Japan and Jordan's King Abdullah II. Prior to meeting with Trump, Modi sat down with national security adviser Mike Waltz. He also met with billionaire SpaceX founder and top Trump administration official Elon Musk. While signing the tariffs order in the Oval Office, Trump was asked if Musk spoke with Modi as a government worker or a tech magnate, amid concerns the meeting was related to the billionaire's business dealings. "India is a very hard place to do business because of the tariffs. They have the highest tariffs, just about in the world, and it's a hard place to do business," Trump said. "No, I would imagine he met possibly because, you know, he's running a company." Modi and Trump were also likely to use their upcoming discussions to talk about immigration. There, the prime minister can point to India's having accepted the return of 104 migrants brought back on a U.S. military plane - the first such right to the country as part of the Trump administration's crackdown on immigration and the U.S.-Mexico border. For the Trump administration, meanwhile, India is seen as integral to the U.S. strategy of containing China in the Indo-Pacific. Modi's country is hosting a summit of a group of countries known as the Quad - made up of the U.S., India, Japan and Australia - later this year.

Source: Economic Times

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Donald Trump declares "BRICS is dead, " claims 100% tariff threat stopped Bloc’s dollar moves

Synopsis Donald Trump on Brics: US President Donald Trump has threatened a 100% tariff on all imports from BRICS nations if they launch a common currency. Dismissing BRICS' relevance, Trump emphasized the US's leverage over the bloc, warning against attempts to undermine the US dollar. These comments highlight escalating global trade tensions, particularly with China, India, and Russia. US President Donald Trump has issued a blunt warning to BRICS nations, threatening a 100% tariff on all imports into the United States if they proceed with launching a common currency. Speaking just hours before a scheduled meeting with Indian Prime Minister Narendra Modi, Trump dismissed the economic bloc’s relevance, declaring, "BRICS is dead." Trump did not hold back in his criticism. "BRICS was put there for a bad purpose... I told them if they want to play games with the dollar, then they are going to be hit by a 100% tariff. The day they mention that they want to do it, they will come back and say - we beg you, we beg you. BRICS is dead since I mentioned that..." he stated. His comments reinforce his long-standing position that any move to undermine the US dollar’s dominance in global trade would be met with severe economic consequences.

Donald Trump’s Hardline Tari Strategy Trump’s remarks align with his broader stance on trade, which advocates for strict reciprocal tariffs. “Today is the big one: reciprocal tariffs,” he posted on his social media platform. “They charge us a tax or tariff, and we charge them the exact tax or tariff. Very simple.”

While answering whether he wanted to dismantle BRICS or be part of it, Trump responded, "I don't care, but BRICS was put there for a bad purpose and most of those people don't want it. They don't even want to talk about it now. They're afraid to talk about it because I told them if they want to play games with the dollar, then they're going to be hit with a 100% tariff." He went further, arguing that the US holds leverage over BRICS nations, dismissing the idea that the bloc has economic power over America. "They don't have us over a barrel. We have them over a barrel. If BRICS wants to play games, those countries won't trade with us. We won't trade with them and if any trading gets through, it'll be a 100% tariff at least."

Source: Economic Times

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Trump warns BRICS nations could face 100% tariffs

Synopsis U.S. President Donald Trump on Thursday warned of 100% tariffs on BRICS nations if they "play games with the dollar," referring to discussions around non-dollar trade mechanisms. While Trump targeted Brazil, Russia, India, and China, sources clarified that BRICS has no proposal for a single currency, focusing instead on bilateral trade in national currencies. U.S. President Donald Trump said on Thursday that BRICS nations could face 100% tariffs from the United States "if they want to play games with the dollar." "If any trading gets through, it'll be 100% tariff, at least," he said in response to a question about the BRICS nations - Brazil, Russia, India and China - setting up their own currency. This threat comes ahead of Prime Minister Narendra Modi’s meeting with Trump. He had earlier called out China, Brazil and India, three founding members of BRICS, for charging high tariffs. Highly placed people aware of developments told ET that there is neither a proposal to introduce a single BRICS currency, nor any move to trade in it. The focus, instead, is on bilateral trade in the national currencies of BRICS members, the people said, adding that the US President may be indulging in grand posturing.

The reality is that a common BRICS currency — discussed a few years ago by member states — is no longer on the agenda. The Kazan Summit, like the 2023 edition held in South Africa, both discussed boosting non-dollar transactions in context of trade in national currencies between member states, according to people familiar with the BRICS process. A few months ago, external affairs minister S Jaishankar clarified along the same lines.

Since the Ukraine conflict, India and Russia are conducting a significant amount of trade in their national currencies, but even there, exchange rates are often pegged to the dollar. India and the UAE (now a BRICS state) have also begun direct trade in the rupee and dirham. India has established such a bilateral mechanism with over a dozen countries. Russia and China conduct trade in local currencies. Moscow has been in talks with various countries, including India, for a non-SWIFT system for financial transactions after it was barred from using the global financial messaging system in the backdrop of the Ukraine conflict. According to people familiar with international financial transactions, more and more countries are considering trading in their currencies after it was felt that the dollar has been weaponised, and that others could also find themselves in the same kind of situation as Russia. People in the know said BRICS members, partners and several states of the Global South are keen to trade in national currencies, seeing the impact of sweeping sanctions on Russia.

Source: Economic Times 

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