Chennai, Feb 2 (IANS) The Tamil Nadu textile industry, a cornerstone of India’s textile and apparel exports, has broadly welcomed the Union Budget’s thrust on infrastructure, skilling and export facilitation, but has cautioned that retaining the 11 per cent import duty on cotton could dilute the impact of these reforms.Industry leaders from Tamil Nadu and other major manufacturing hubs say timely access to quality cotton at globally competitive prices is crucial to safeguarding export commit…
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New Delhi, Feb 1 (IANS) In the Union Budget 2026-27, Finance Minister Nirmala Sitharaman announced capital support for machinery, technology upgradation, and the establishment of common testing and certification centres to modernise traditional textile clusters.The government will set up “Mega Textile Parks in challenge mode” to provide integrated infrastructure, scale efficiencies, and value addition, an official statement said.These parks will also support growth in technical textiles, a high-…
Guwahati, Feb 1 (IANS) The Federation of Industry and Commerce of the North Eastern Region (FINER) on Sunday expressed satisfaction with the Union Budget 2026-27, terming it a well-balanced and growth-oriented budget that addresses the needs of industry while maintaining fiscal discipline.The FINER, the key industrial body of the Northeast region, welcomed the government’s emphasis on reform over rhetoric and said the fiscal consolidation glide path has been maintained as targeted.It particula…