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India Budget 2025-26: Key reforms needed for textile industry growth

29 Jan '25
5 min read
India Budget 2025-26: Key reforms needed for textile industry growth
India Budget 2025-26: Key reforms needed for textile industry growth

Insights

  • The Union Budget 2025-26 could revitalise India's textile sector with export subsidies, enhanced skill development, and Geographical Indications (GIs) to improve global competitiveness.
  • Key proposals include modifying QCO, extending RoDTEP & RoSCTL schemes, and removing BCD on cotton, ensuring India strengthens its position in the international market.

Industry leaders and experts are urging the Indian government to introduce transformative budgetary reforms to boost the sector. Key recommendations include reducing import duties, simplifying complex regulations, and fostering an environment that promotes innovation and global competitiveness. By addressing these pressing issues, India could emerge as the preferred choice for international buyers navigating current uncertainties.

Modification or repeal of QCO

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