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-…
Latest Textile Sector News & Updates
Chennai, Feb 1 (IANS) The Union Budget 2026 on Sunday outlined a wide-ranging development roadmap for Tamil Nadu, with major announcements spanning high-speed rail connectivity, inland waterways, textiles, critical minerals, eco-tourism and heritage conservation.Together, the proposals signalled a renewed focus on infrastructure expansion, industrial growth and cultural tourism in one of India’s most industrialised states.A key highlight of the Budget is the proposal to develop seven high-speed …
New Delhi, Feb 1 (IANS) The Central government on Sunday proposed to develop seven high-speed rail corridors across key urban and economic centres.These corridors will act as growth connectors, cutting travel time, reducing emissions, and supporting regional development, said Finance Minister Nirmala Sitharaman during her Union Budget 2026-27 speech.The proposed routes include Mumbai-Pune, Pune-Hyderabad, Hyderabad-Bengaluru, Hyderabad-Chennai, Chennai-Bengaluru, Delhi-Varanasi, and Varanasi-Sil…
New Delhi, Jan 26 (IANS) Indonesia’s micro, small and medium enterprises are coming under growing pressure as cheap imports from China flood domestic markets, raising concerns about the country’s long-term industrial health and economic independence, a report has said.Latest trade data shows that China now accounts for more than one-third of Indonesia’s total imports — highlighting a deepening imbalance in trade relations.In January 2025 alone, imports from China touched around $6.37 bill…
New Delhi, Jan 4 (IANS) Pakistan’s textile sector, which forms the backbone of the country’s exports and industrial employment, is on the brink of collapse with workers being laid off and factories being shut.The Pakistan Textile Council has, in a letter to Prime Minister Shehbaz Sharif, urged the government to declare an “Export Emergency” to arrest the rapid erosion in competitiveness that now threatens exports, jobs, and macroeconomic stability, according to a report in Pakistan’s B…
New Delhi, Jan 2 (IANS) The government on Friday announced to extend the deadline for submission of fresh applications under the Production Linked Incentive (PLI) scheme for textiles up to March 31, 2026.According to the Ministry of Textiles, the extension follows the significant response received since the application portal has been re-opened in August 2025, with proposals being submitted by textile companies across priority areas, including Man-Made Fibre (MMF) apparel, MMF fabrics, and Techn…
Seoul, Dec 31 (IANS) The number of high-skilled workers in South Korea grew for the fourth consecutive year in 2024, with such jobs in the semiconductor sector increasing by the most, government data showed on Wednesday.The total number of industrial technology workers stood at 1.74 million as of end-2024, up 1.1 per cent from a year earlier, according to the data from the Ministry of Trade, Industry and Resources, reports Yonhap news agency.Industrial technology workers refer to high-skilled em…