Shrestha Kukreja: An increase in Customs duty rates on certain knitted fabrics poses a challenge  

This year’s budget gives a strong push to the textile sector, with allocations rising from Rs 33.42 billion to Rs 52.52 billion, clearly reflecting the government’s confidence in the industry’s growth potential. By removing import duties on shuttleless looms, India is not just eliminating trade barriers but driving innovation in technical textiles across Agrotech, Medtech, and Geotech. This strategic move strengthens global competitiveness, fosters sustainability, and positions India to take the lead in high-performance textiles. With this momentum, India is not just investing in manufacturing; it’s putting itself on the map as a global leader in the textile industry.

The opinion is presented by Shrestha Kukreja, Founder, Whizzo