Vinay Thadani: The government can levy a reasonable import tax on certain essential commodities

For FY2025-2026, industry analysts anticipate that India’s textile sector will primarily focus on the domestic market, while also look to achieve strong export growth driven by increasing consumer interest in key markets such as the United States, Europe, and the Middle East. This growing global demand for textiles presents a significant opportunity for India to further establish itself as a leading supplier in this industry.

The government can levy a reasonable import tax on certain essential commodities. In addition to which there is a possibility that they work towards devising and implementing a Cotton Price Stabilisation Fund Scheme to stabilise domestic cotton prices.

Manufacturers are increasingly adopting eco-friendly practices and prioritising sustainability to address environmental challenges. There has been a surge in the preferences for green products as the consumers in today’s market are making conscious choices. Keeping that in mind, we are looking forward to making organic fibres, sustainable textiles and no-chemical dyes a standard offering in the market. Indian manufacturers are motivated to build in green technologies into their production processes to lift demand. Further to support government initiative to reduce carbon footprints, we have fixed up the roof top solar plant of 1 MW. Which will help us to reduce the cost and less carbon to the environment. We encourage the government to set up PPP model that foster for research and innovation earth-friendly textile manufacturing.

We are enthusiastic about the future and are committed to expanding our range of sustainable products in the coming year. This commitment positions us at the forefront of not only meeting consumer demands but also contributing to a greener planet. 

The opinion is presented by Vinay Thadani, CEO at Vishal Fabric