“The Union Budget 2026-27 provides a well-balanced and forward-looking roadmap for the textile industry in India, stressing upon on self-sufficiency, modernization, and employment generation. The integrated approach to the National Fibre Scheme, the Textile Expansion and Employment Scheme, and the focus on cluster development is a recognition that the competitiveness of the industry can be improved by making the value chain stronger.
The focus on fibre security in natural, man-made, and new fibres tackles the existing challenge in the industry regarding input volatility and quality, which is essential for capacity planning and export competitiveness. On the other hand, the call for the modernization of the traditional textile sector through technology upgradation, joint testing facilities, and certification assistance will ensure that the gap between the country’s manufacturing capabilities and new global standards is bridged.
The shift in focus to Samarth 2.0 is a move made in the right direction towards developing an industry-ready workforce that is in line with automation, efficiency, and scale. Further, the challenge mode development of mega textile parks along with the SME Growth Fund of ₹10,000 crore will definitely have a positive impact on the MSME sector. On the whole, the Budget has created a robust foundation for a resilient and future-ready textile sector and is a confidence booster for the entire textile value chain in India.”
– Suketu Shah, CEO, Vishal Fabrics Ltd.