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 the Mission for Cotton Productivity, promise to revolutionise cotton farming, enhancing quality and sustainability. This will have a direct positive impact on the textile sector, ensuring a steady supply of raw materials for domestic manufacturers.
Additionally, the introduction of ‘BharatTradeNet’ (BTN) provides a unified platform to streamline trade documentation and financing, ensuring smoother integration with global supply chains.
With increased investment limits for MSMEs and a simplified tax regime, the budget paves the way for growth and competitiveness. The support for textile exports through export credit, cross-border factoring, and regulatory enhancements will foster international market penetration.
As domestic consumption also gets a boost with tax relief for middle-income groups, the overall ecosystem for growth and sustainability in the textile sector is well-supported.
The opinion is presented by Vinay Thadani, CEO, Vishal Fabrics