Five-Point Fabric of Reform: Union Budget Unveils Textile Sector Revival Plan

Key Highlights:

Mega textile parks: The Union Budget 2026-27 proposes the establishment of large-scale textile parks across India to create integrated hubs for manufacturing, logistics, and exports. These parks are expected to provide world-class infrastructure, reduce costs, and enhance competitiveness in global markets.

Five-point plan unveiled: The government introduced a comprehensive 5-point strategy for the textile sector, focusing on modernization, sustainability, skill development, export promotion, and innovation. This plan aims to rejuvenate India’s legacy textile industry while aligning with contemporary global standards.

Employment generation: Textile parks and the five-point plan are projected to create millions of jobs, particularly in rural and semi-urban regions, strengthening livelihoods and empowering women workers who form a significant part of the textile workforce.

Boost to exports: By improving supply chains and reducing inefficiencies, the initiative is expected to increase India’s share in global textile exports, positioning the country as a key player in apparel and technical textiles.

Industry sentiment: At 11:20 AM IST, textile stocks on NSE showed positive momentum, with investors welcoming the government’s focus on infrastructure and sectoral reforms.

Sources: Economic Times Budget Live, Business Standard, Moneycontrol, Press Information Bureau (PIB)