Highlights

  • Integrated programme launched to boost textile sector
  • Mega textile parks proposed for modernisation, value addition
  • Mahatma Gandhi Gram Swaraj strengthens khadi, handicrafts globally

Latest news

Haier Launches HQLED P7 Pro Series TVs With Google Gemini, 50W Audio And AI Picture Enhancements

Haier Launches HQLED P7 Pro Series TVs With Google Gemini, 50W Audio And AI Picture Enhancements

Nothing's Latest Pokémon Teasers Hint At New Hardware, RCB Collaboration May Also Be In The Works

Nothing's Latest Pokémon Teasers Hint At New Hardware, RCB Collaboration May Also Be In The Works

OnePlus N6 Set To Debut With Massive 8,000mAh Battery And Long-Term Performance Focus

OnePlus N6 Set To Debut With Massive 8,000mAh Battery And Long-Term Performance Focus

Roblox Introduces Age-Based Accounts for Younger Users, Expands Parental Controls Globally

Roblox Introduces Age-Based Accounts for Younger Users, Expands Parental Controls Globally

IIFL Capital Launches Algo Marketplace with Over 100 Ready-Made Strategies

IIFL Capital Launches Algo Marketplace with Over 100 Ready-Made Strategies

LUMIQ Raises INR 50 Crore Pre-Series B to Become the AI Decision Layer for Financial Services

LUMIQ Raises INR 50 Crore Pre-Series B to Become the AI Decision Layer for Financial Services

Tay Keith, producer behind Travis Scott's 'Sicko Mode' dies at 29

Tay Keith, producer behind Travis Scott's 'Sicko Mode' dies at 29

GenAI could lift realty sales velocity by up to 50%, speed up launches by 30%: Report

GenAI could lift realty sales velocity by up to 50%, speed up launches by 30%: Report

Govt proposes integrated programme to boost textile sector

Union Budget 2026-27 introduces integrated programme for textile sector, mega parks, Mahatma Gandhi Gram Swaraj, skill development, and extended export timelines.

Govt proposes integrated programme to boost textile sector

The government on Sunday announced an integrated programme to boost growth in the labour-intensive textile sector and also proposed setting up of mega textile parks.

In her budget speech, Union Finance Minister Nirmala Sitharaman said, "For the labour-intensive Textile Sector, I propose an Integrated Programme with 5 sub-parts".

Under these five sub-parts, she announced a 'National Fibre Scheme' for self-reliance in natural fibres such as silk, wool and jute, man-made fibres, and new-age fibres.

The government proposed a 'Textile Expansion and Employment Scheme' to modernise traditional clusters with capital support for machinery, technology upgradation and common testing and certification centres.

A National Handloom and Handicraft programme has been proposed to integrate and strengthen existing schemes and ensure targeted support for weavers and artisans.

That apart, the minister said a 'Tex-Eco Initiative' will be launched to promote globally competitive and sustainable textiles and apparels.

The government also proposed 'Samarth 2.0' to modernize and upgrade the textile skilling ecosystem through tie-ups with industry and academic institutions.

"Further, I propose to set up Mega Textile Parks in challenge mode. They can also focus on bringing value addition to technical textiles," Sitharaman said.

Moreover, the Centre will launch the Mahatma Gandhi Gram Swaraj initiative to strengthen khadi, handloom and handicrafts.

"This will help in global market linkage and branding. It will streamline and support training, skilling, quality of process and production. This will benefit our weavers, village industries, One - District – One - Product initiative and rural youth," the finance minister said.

She proposed a dedicated initiative for sports goods that will promote manufacturing, research and innovation in equipment design as well as material sciences.

"I propose to extend the time period for export of final product from the existing 6 months to 1 year, for exporters of leather or textile garments, leather or synthetic footwear and other leather products," the minister said.

ADVERTISEMENT

Up Next

Govt proposes integrated programme to boost textile sector

Govt proposes integrated programme to boost textile sector

Honda Activa 6G: Everything You Need to Know Before Buying

Honda Activa 6G: Everything You Need to Know Before Buying

How much does a ULIP plan really cost? A break-down of all charges

How much does a ULIP plan really cost? A break-down of all charges

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Reliance denies buying Iranian oil amid US sanctions waiver

Reliance denies buying Iranian oil amid US sanctions waiver

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

ADVERTISEMENT

editorji-whatsApp

More videos

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Explained: India-US trade deal, tariffs and trade benefits

Explained: India-US trade deal, tariffs and trade benefits

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.