Textile Sector Boost: Govt Integrated Programme

By By Rediff Money Desk, New Delhi
Feb 01, 2026 14:15
Government proposes integrated programme to boost textile sector growth, including mega textile parks, fibre scheme, and more.
New Delhi, Feb 1 (PTI) 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. PTI MJH MJH DR

DR
Source: PTI
Read More On:
textile sectormega textile parksintegrated programmenational fibre schemehandloom and handicraft
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

JioMart: Reliance Retail Expands Hyperlocal...

Reliance Retail''s JioMart expands to 1200 cities via 3100 stores. Two-hour delivery...

ATSEPA Concerns: Air Traffic Control Privatisation

ATSEPA raises concerns over proposed privatisation of air traffic control services....

Panel to Assess Mythos Risks: SBI Chief Setty...

Govt forms panel under SBI chief Setty to assess risks from AI platform Mythos. Banks...

Reliance Consumer Products Revenue: Rs 7,350 Cr

Reliance Consumer Products Ltd (RCPL) reports Rs 7,350 cr revenue in March quarter, a...

Indusind Bank Q4 Profit: Loan Growth Target FY27

Indusind Bank reports Rs 594 cr profit for Q4. Aims for industry-level loan growth in...

JioStar Revenue & Viewership Soar in FY26, IPL...

JioStar reports Rs 36,248 cr revenue in FY26, crossing 515 million viewers during IPL...

L&T Finance Q4 Profit Jumps 27% to Rs 807 Cr

L&T Finance reports 27% rise in Q4 profit to Rs 807 cr. Growth driven by interest...

MP Stubble Burning Highest in India, April 2024

Madhya Pradesh records highest stubble burning incidents in India during first 3 weeks...

Air India Hesitant on Navi Mumbai Airport Shift

Air India expresses hesitation to shift operations to Navi Mumbai Airport due to costs...

Mercedes-Benz EV Sales to Accelerate in India

Mercedes-Benz India expects EV sales to surge with new models in 18-20 months. CLA BEV...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2026 Rediff.com