New Delhi: Prime Minister Narendra Modi on Monday stated that Bharat will become a global hub in the textile export sector. He emphasized that the central government is working to transform the country into a developed Bharat, and foreign investments in the nation will double in the coming years. PM Modi made these remarks while addressing Bharat Tex 2024, a global textile event held at Bharat Mandapam in New Delhi today.
The Prime Minister emphasized that the textile trade sector plays an important role in sustaining the country’s economy. He noted that for the past 10 years, they have been serving the people under the concept of ‘Vocal for Local’.
(‘Vocal for Local’ is a concept that urges Indians to back native products, stimulating economic advancement and self-sufficiency. It urges citizens to prioritize and advocate for goods produced locally, thereby strengthening domestic industries.)
Furthermore, he stated that in the coming years, the central government would continue to serve the people with the concept of ‘Vocal for Local and Local to Global’.
The Prime Minister remarked that farmers, women, youth, and the poor are the pillars of the nation. He also highlighted the crucial role played by the industrial sectors in supporting the country, with the textiles sector being one of them. Additionally, he mentioned that over the last ten years, the country’s cotton and yarn industries have made tremendous progress. The Prime Minister highlighted that foreign investment in Bharat is increasing and is expected to double in the next few years, positioning Bharat to become a global hub in the textile export sector.
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