FM unveils five initiatives for textile sector self-reliance
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In her Union Budget 2026-27 speech, Finance Minister Nirmala Sitharaman announced a five-point plan to enhance self-reliance in the textile sector. Key initiatives include the National Fibre Mission, aimed at boosting natural and man-made fibres, and the Textile Expansion and Employment Scheme to modernize clusters and support MSMEs.
These measures are expected to strengthen India's textile ecosystem, potentially reducing import dependence and enhancing competitiveness, which may positively impact market sentiment in the sector.
Not investment advice. For informational purposes only.