Suketu Shah: We hope Union Budget 2026 builds on this technology momentum

Last year’s Budget laid a strong foundation for the textile sector, translating into tangible outcomes in 2025 through improved export performance, GST rationalisation, expansion of the PLI scheme, and faster execution of PM MITRA Parks, signalling a shift from policy intent to on-ground scale and impact. The Rs 52.72 billion allocation supported efforts to boost domestic manufacturing, modernise infrastructure, and strengthen India’s global competitiveness under the Make in India vision.

We are hopeful, the Union Budget 2026 shall offer an opportunity to build on this momentum of greater importance to modern technology and machinery to drive efficiency and scale. Higher allocations towards R&D and innovation, a stronger focus on the cotton value chain covering farm productivity, quality, and sustainability, and controlled garment imports will be crucial. Streamlined export processes through platforms like BharatTradeNet, improved access to export credit, and the implementation of progressive labour policies can further consolidate India’s leadership in the global textile value chain.

This view has been presented by Suketu Shah, CEO, Vishal Fabrics