New Delhi [India], February 1 : Union Textile Minister Giriraj Singh on Sunday termed the Union Budget 2026-27 a comprehensive plan that prioritises the textile industry as a pillar for a developed India. The Minister highlighted that the government's consistent support has led to a significant increase in sectoral growth, positioning the sector at the forefront of the country's economic journey toward 2047.
Union Textile Minister Giriraj Singh said, "This is a comprehensive and all-encompassing budget. As the Textile Minister, I can only say that this journey, started by PM Modi in 2014-15 from Rs 15-16 lakh, has now gone above Rs 53 lakh today, and the fiscal deficit is also 4.3.... The central government has prioritised textiles... This is the budget for a developed India by 2047."
Meanwhile, for the labour-intensive textile sector, Finance Minister Nirmala Sitharaman proposed an integrated programme with key components. The Minister emphasised that the first pillar of her plan, the National Fibre Scheme, aims to "achieve self-reliance in natural fibres like silk, wool, and jute, as well as man-made and new industrial-age fibres."
The second is the Textile Expansion and Employment Scheme, which seeks to modernise traditional clusters by providing capital support for machinery, technology upgrades, and common testing and certification centres.
The third component is the National Handloom and Handicraft Programme (NHHP), designed to integrate and strengthen existing schemes while ensuring targeted support for weavers and artisans.
With the introduction of Samarth 2.0, the government aims to align the workforce with future demands. To promote globally competent and sustainable textiles and apparel, Sitharaman said, "Samarth 2.0 is to modernise and upgrade the textile skilling ecosystem through collaboration with industry and academic institutions," ensuring that the next generation of workers is as tech-savvy as they are skilled.
Closing her remarks on the sector, the Finance Minister turned to large-scale infrastructure as the ultimate solution to improve efficiency. She envisioned a future in which production and value addition occur under one roof, reducing logistics costs and boosting exports.
To achieve this, she told the Parliament, "I propose to set up a mega textile park," further clarifying that "they can also focus on bringing value addition to technical textiles." This strategic focus on technical textilesused in everything from healthcare to automotive industriessuggests a shift toward high-value manufacturing that could redefine India's role in the global market.
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