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Home News India Budget 2025-26: Textile industry looks for transformation ahead

India Budget 2025-26: Textile industry looks for transformation ahead

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India Budget 2025-26: Textile industry looks for transformation ahead

India’s Union Budget 2025-26 has encouraged the textile industry, especially yarn and fabric manufacturers, through multiple provisions. Textile companies expect a transformative course for the country’s textile industry, stating that the key initiatives will not only enhance quality and sustainability but also boost competitiveness in the global market.

Vinay Thadani, CEO, Vishal Fabrics Limited commented, “The Union Budget 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, 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.

India Budget 2025-26 sets a transformative path for textiles.
Vishal Fabrics CEO Vinay Thadani highlights the Cotton Productivity Mission and BharatTradeNet for trade ease.
Kulin Lalbhai welcomes the revised BCD on knitted fabrics.
RSWM Ltd's Rajeev Gupta praises support for technical textiles.
ZYOD's Ankit Jaipuria and Ritesh Khandelwal applaud MSME credit access and export promotion efforts.

He said that 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.

Kulin Lalbhai, Chairman, CII National Committee on Textile & Apparel; and Vice Chairman, Arvind Ltd commented, “The revision of Basic Customs Duty (BCD) rates on knitted fabrics is a decisive step that will enhance domestic manufacturing competitiveness, attract greater investments, and drive export expansion. Additionally, the launch of the Cotton Productivity Mission, aligned with the 5F vision, will significantly boost extra-long staple fibre production, improve cotton quality, and strengthen India’s position as a global leader in textiles and apparel.

Rajeev Gupta, CEO of prominent yarn and knitting fabric manufacturing company RSWM Ltd stated, “The Budget introduced key reforms to promote domestic production of technical textile products such as agrotextiles, geotextiles and medical textiles at competitive prices. The inclusion of two more shuttle-less looms in the list of fully exempted textile machinery is a progressive step towards expanding production capacity in textile manufacturing. The government’s emphasis on Atmanirbharta through increased indigenous textile production aligns well with the proposed revision of the BCD rate on knitted fabrics across nine tariff lines. The government’s commitment to providing technical and R&D support for cotton farmers under the 5-year mission is a welcome move. This initiative is expected to improve cotton farming efficiency and promote diverse cotton varieties.”

Ankit Jaipuria Co-founder of clothing manufacturing company ZYOD said, “This year’s budget takes meaningful steps towards strengthening India’s manufacturing and export ecosystem, with a clear focus on productivity, innovation, and global reach. The focus on boosting cotton productivity, setting up a digital public infrastructure for international trade, and launching an Export Promotion Mission with sector-specific targets is a transformative step for India’s manufacturing and export ecosystem. The deep tech fund and extended incorporation benefits for startups will further fuel innovation across diverse sectors. We are particularly optimistic about the National Manufacturing Mission and the voluntary scheme for exporters and importers, which will strengthen India’s position in global supply chains and boost domestic manufacturing. Collectively, these initiatives will drive economic growth and create a robust ecosystem for MSMEs and startups to thrive.”

Ritesh Khandelwal, Co-founder, ZYOD commented, “The 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 for MSMEs, increasing investment and turnover limits, while introducing customised credit cards for micro-enterprises will provide vital financial support.”

Fibre2Fashion News Desk (KUL)