Archive · 28 Jan 2026
Textile traders seek budget proposals from FM
The textile traders' body in Surat, a city known for its textile and diamond industries, has sent a list of requests to the Finance Minister for the upcoming budget.
They want a textile university in Surat and more money for research and development.
Surat's textile industry is very big, with a turnover of Rs.
1.5 lakh crore every year and it employs people from many different states.
They make a lot of fabric every day, about 4.5 crore metres.
The traders hope these requests will help the industry grow and create more jobs.
Textile traders' body submitted budget suggestions to Finance Minister Nirmala Sitharaman.
Key requests include a textile university in Surat and funds for research and development.
Surat's textile industry has an annual turnover of Rs. 1.5 lakh crore.
The industry employs people from various states across India.
Over 4.5 crore metres of fabric are woven in Surat daily.
- Who
- Textile traders' body
- What
- Submitted budget suggestions to Union Finance Minister Nirmala Sitharaman
- When
- February 1, 2026
- Where
- Surat, India
- Why
- To seek specific allocations for the textile industry in the upcoming Union Budget
- Budget Submission
- Union Budget 2026
- Submission Date
- February 1
- Annual Turnover
- Rs. 1.5 lakh crore
- Daily Fabric Production
- 4.5 crore metres
- Key Requests
- Textile varsity in Surat, funds for R&D