Business News | Bharat Tex to Help India Achieve Record Textile Exports, Attract Investments: Giriraj Singh
Get latest articles and stories on Business at LatestLY. Union Textiles Minister Giriraj Singh on Tuesday expressed that Bharat Tex 2026 will help India achieve record textile exports and attract fresh investments into the sector, saying the event has emerged as a global platform for buyers, investors and manufacturers as the country expands its free trade agreements (FTAs) and strengthens its textile industry.
New Delhi [India], July 14 (ANI): Union Textiles Minister Giriraj Singh on Tuesday expressed that Bharat Tex 2026 will help India achieve record textile exports and attract fresh investments into the sector, saying the event has emerged as a global platform for buyers, investors and manufacturers as the country expands its free trade agreements (FTAs) and strengthens its textile industry.
Speaking to the media on the sidelines of Bharat Tex 2026, Singh said the exhibition has drawn participation from more than 130 countries and over 60,000 exhibitors, reflecting growing global interest in India's textile sector.
Also Read | Mumbai: Newborn Baby’s Body Found in Cooper Hospital Toilet Drain, Police Launch Probe.
"I hope that this time, the exporters and the buyers will break all the records of the world," Singh said.
The minister said India is working towards expanding textile exports by leveraging FTAs and diversifying market access. He noted that bilateral trade agreements are opening up larger international markets for Indian textile products and strengthening the country's competitiveness.
Also Read | YouTuber Manish Kashyap, 3 Influencers Booked Over ‘False’ E20 Petrol Videos Linked to Nitin Gadkari.
According to Singh, the exhibition has also provided a platform for small businesses to enter global markets, with nearly 90 per cent of the participants being micro, small and medium enterprises (MSMEs).
"Those who never thought that they would export, those small entrepreneurs have come," he said, adding that people from nearly 550 districts currently export handlooms, handicrafts, textiles and garments.
Singh said Bharat Tex is also witnessing participation from investors alongside buyers, indicating growing confidence in India's textile manufacturing ecosystem. He cited the beginning of domestic manufacturing of stitching machines by a Taiwanese company as an example of increasing investment interest in the sector.
Highlighting opportunities in technical textiles, the minister said India has significantly expanded its manufacturing capabilities in products that were previously imported, while emerging as a leading exporter of flexible intermediate bulk containers (FIBCs).
He also pointed to the growing domestic textile market and said the sector remains an important source of employment, particularly in the garment industry. "When you invest Rs 1 crore in the garment sector, it gives employment to 50 to 60 people," Singh said, adding that states such as Bihar are emerging as important textile manufacturing destinations through industrial parks and supportive policies. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)