5 days ago

India Plans Cabinet Approval for Four Textile Schemes Soon

India Plans Cabinet Approval for Four Textile Schemes Soon
Cabinet nods for four textile schemes likely soon · financialexpress.com

The Indian government is preparing several new plans to help the textile industry grow.

The Union Cabinet may approve most of the plans within the next one or two months.

The plans are part of a programme announced in the 2026-27 Budget.

They are designed to improve fibres, textile factories, environmental sustainability and worker training.

The government also wants India to make more industrial sewing machines at home.

A Taiwanese company is expected to open a production facility near Coimbatore.

Officials say credit for textile businesses has begun to improve gradually.

India hopes its textile industry will become much larger in the coming decades.

Key facts

Expected approval
Within one or two months
Budget source
India’s 2026-27 Union Budget
Programme structure
Five sub-components, with individual Cabinet approvals required
Industry target for 2030
Grow from about $190 billion to $350 billion
Export target for 2030
Increase from about $40 billion to $100 billion
Long-term industry target
Reach $2.4 trillion by 2047
Industrial stitching machines
Domestic production is expected to begin at a facility near Coimbatore

Quotes

Giriraj Singh

India’s Union Minister of Textiles

“A Taiwanese company is putting up a facility near Coimbatore which will start production soon”
financialexpress.com
“After the meetings credit flow to the units in the sector has started to improve gradually”
financialexpress.com

Sources

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