Category: Industry Update
Budget 2025: Funding for textile upgradation tech sees a 48% boost
The finance minister expanded the list of fully exempted textile machinery by including two types of looms to boost domestic production of technical textile products. ... Read More
ZYOD: The deep tech fund for startups will fuel innovation
This budget brings a much-needed boost for MSMEs, making it easier for small businesses to access credit and scale up. Expanding the credit guarantee cover ... Read More
Rakesh Mehra: The introduction of a new tax regime is expected to increase disposable incomes
Confederation of Indian Textile Industry (CITI) welcomes the Union Budget 2025-26 which reflects the Government’s commitment to strengthening India’s textile and apparel sector. The budget ... Read More
Vinay Thadani: Mission for Cotton Productivity promises to revolutionise cotton farming
The Union Budget 2025-26 sets a transformative course for India's textile industry, highlighting a commitment to strengthening manufacturing and boosting exports. Key initiatives, such as ... Read More
Budget 2025: Key takeaways for India’s textile industry
To protect domestic manufacturers, the customs duty on knitted fabrics has been revised to 20 per cent or Rs 115 per kilogram, whichever is higher. ... Read More
Rajeev Gupta: The inclusion shuttle-less looms in fully exempted textile machinery is a progressive step
The Union Budget for FY 2025-26 introduces key reforms to promote domestic production of technical textile products such as agro textiles, geo textiles and medical ... Read More
Nirmala Sitharaman: Extra long staple cotton production to get a boost
India heavily relies on imports for ELS cotton, which has fibre lengths exceeding 35 mm and is widely used in the production of premium-quality fabrics. ... Read More