India Budget Promotes Manufacturing and Cluster Growth in Textile Sector
INDUSTRIAL IOT
The Indian Budget has introduced initiatives to bolster the textile sector, which employs over 45 million people, by focusing on public capital expenditure and support for MSMEs. Key measures include the establishment of PM MITRA parks and an Integrated Programme for Textiles, aimed at reducing import dependence and enhancing competitiveness. Industry leaders expressed optimism about the revival of 2,000 clusters and the potential for export growth, while emphasizing the need for effective implementation and further support for women-led businesses.

Feb 3, 2026, 10:18 AM