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Budget gives hope to textile sector of South Gujarat.Surat: India's largest hub for man-made fabrics (MMF), Surat, with a production capacity of 6 crore metres a day, is expected strengthen the city's position as the country's textile capital and drive economic growth across South Gujarat.The Budget also underlined the importance of the City Economic Region (CER) and Surat Economic Region (SER). The SER, covering Surat, Bharuch, Navsari, Tapi, Dang and Valsad districts, is one of the major CERs. The SER, a high-growth zone, accounts for nearly 25% of Gujarat's GDP despite occupying only 10.8% of the state's area, anchored by Surat.Under NITI Aayog's G-HUB initiative, the region is being developed into a globally competitive, diversified economic hub with a projected size of $1.3 to $1.5 trillion by 2047, focusing on high-value manufacturing, tourism and services."Surat is the largest textile cluster in India, but it does not have a centre of excellence. This Budget announced a centre of excellence at all major textile clusters. The FM announced cluster-specific technology upgradation support in her speech, and it will benefit our region," said Nikhil Madrasi, president, Southern Gujarat Chamber of Commerce and Industry (SGCCI)."The FM announced the establishment of a Textile University in an industrial area, and we hope it will come to the city. In addition, for micro and small enterprises, the limit under the CGTMSE scheme increased to Rs 10 crore per unit, which earlier was Rs 5 crore," said Ashok Jirawala, vice-president, SGCCI.read more :- Gram Swaraj and textile promoted in Budget 2026

Union Budget 2026: Gram Swaraj, fibre scheme anchor integrated textile pushThe Union Budget 2026-27 on Sunday placed the labour-intensive textile sector at the centre of India’s growth and employment strategy, announcing a sweeping set of initiatives aimed at strengthening the entire value chain — from natural fibres and traditional crafts to technical textiles and future-ready skills.Presenting the Budget, Finance Minister Nirmala Sitharaman announced a National Fibre Scheme to promote self-reliance across natural fibres, man-made fibres and new-age textile materials, signalling a move to build depth across the entire value chain rather than focusing on select segments.Budget 2026 Highlights: Here's the fine printTo address employment and competitiveness, the government will roll out textile-specific employment schemes with an emphasis on technology upgradation and targeted support for small and medium enterprises, Sitharaman said.At the heart of the push is the Mahatma Gandhi Gram Swaraj Initiative, which will strengthen khadi, handloom and handicrafts. The programme will support global market linkages and branding of Indian textile products, while streamlining training, skilling and quality standards to help artisans and weavers compete more effectively in domestic and international markets.To boost employment, the Budget proposed a Textile Expansion and Employment Scheme, under which traditional textile clusters will be modernised through capital support for machinery, technology upgradation, and the creation of common testing and certification facilities aimed at raising productivity and job creation.The Budget also proposes to integrate handloom and handicraft programmes under a national framework to provide targeted support to traditional artisans, improve market access and ensure better alignment with contemporary demand.Underscoring the push for sustainability, Sitharaman announced eco-initiatives aimed at encouraging environmentally responsible production practices across the textile ecosystem.As part of its skilling push, the government will launch Samarth 2.0, an upgraded version of the existing scheme, to modernise the textile skilling ecosystem and align training with evolving industry needs.The finance minister also said that mega textile parks will be taken up in challenge mode, with a sharper focus on attracting investments in technical textiles, a segment seen as critical for exports and industrial diversification.The integrated package reflects the government’s attempt to position textiles as a growth and employment engine while balancing modern manufacturing, sustainability and traditional strengths.read more :- Rupee opened 23 paise stronger at 91.76 per dollar

 Rupee opens 23 paise up at 91.76/USD Indian rupee is trading higher at 91.76 per dollar against previous close of 91.99.

State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) kept its price unchanged during this week for the 2025-26 season. So far, approximately 3,59,300 cotton bales have been sold by CCI during the 2025-26 season. Sales are highly concentrated in a few major cotton-producing states, Maharashtra and Gujarat emerging as the leading contributors.

History will be made on 1st February! NSE, BSE, MCX and NCDEX will remain open on Sunday on Budget Day; Know the timingThe Union Budget 2026 will be presented on Sunday, February 1, when stock and commodity markets will be open. NSE, BSE, MCX and NCDEX will remain open at normal timings in special trading sessions. This will be the second time in independent India that markets will remain open on Sunday on Budget Day.The Union Budget 2026 will be presented this time on Sunday, February 1. Generally the markets are closed on Sundays, but due to the budget, the stock market as well as the commodity markets will remain open, so that investors and traders can immediately react to the decisions related to the budget. For this reason, it has been decided that the Multi Commodity Exchange of India (MCX) will remain open as a special trading session on 1 February. Trading on this day will be as per normal market timings and live trading can be done.Not only MCX, but the agricultural commodities exchange National Commodity and Derivatives Exchange (NCDEX) will also be open for trading on this day. That means traders trading in agri commodities will also be able to trade on Sunday. Both the exchanges had already given information about this through the circular issued on January 16, so that investors could make their trading strategy in advance. The special thing is that this has happened earlier also. When the Budget 2025 was presented on Saturday, MCX and NCDEX were still open. That is, keeping the commodity market open on the budget day is now becoming a normal practice.MCX trading timings on 1st February 2026Multi Commodity Exchange of India (MCX) will be open for trading as per normal timing on the day of Union Budget 2026. The pre-open session on MCX will run from 8:45 am to 8:59 am. After this, normal trading will take place from 9 am to 5 pm. Additionally, the client code modification session will be open from 9am to 5:15pm.Trading schedule on NCDEXNational Commodity & Derivatives Exchange (NCDEX), the exchange related to agricultural commodities, will also be open for trading as per normal timing on Sunday. The pre-open session on NCDEX will start at 9:45 am, while normal trading will run from 10 am to 5 pm. Here also the facility of client code modification will be available till 5:15 pm.Why is it special to open the market on Sunday?This will be the second time in the history of independent India that the stock markets will be open for trading on Sunday. Earlier this had happened on 28 February 1999, when the markets were opened during the government led by Atal Bihari Vajpayee.This time Finance Minister Nirmala Sitharaman is going to present the ninth consecutive Union Budget.Finance Minister Nirmala Sitharaman is going to present her ninth consecutive Union Budget this time. She will give the budget speech at 11 am. Double digit growth in government capital expenditure (capex) is expected in this budget.NSE and BSE will also remain openNot only commodities, but equity exchanges NSE and BSE will also remain open as per normal trading timings on February 1. Investors and traders will be able to react to budget-related decisions on the same day. Traditionally, the amount of discussion about Budget Day does not have a big impact on the stock market. According to the data of last 15 years, the average movement of Nifty on the budget day has been only 0.19%. However, in the week after the Budget, the market has given almost seven times more returns than on Budget Day.read more :- Demand of MP MSMEs on GST, textile and tech

Industries of MP, MSMEs demanded GST relief, incentives related to textile production and promotion of tech in the budgetIndore: Industries and MSMEs of Madhya Pradesh have raised expectations from the upcoming Union Budget. They are demanding faster access to government schemes, easier GST compliance and targeted sectoral support to strengthen manufacturing and exports.Industry representatives said that despite the existence of several central and state schemes, processing delays, documentation requirements and slow disbursement of funds are hampering their impact on MSMEs. Easier processing and faster approvals still remain key demands.The textile sector has demanded special intervention to promote cotton-based manufacturing and exports. Madhya Pradesh Textile Mills Association has sought a new Production Linked Incentive (PLI) scheme for cotton garments and made-ups with lower investment limit and higher product coverage.The association has also demanded refund of input tax credit on capital goods and services in the textile value chain. MC Rawat, secretary of MP Textile Mills Association, said there is a need for a cotton price stabilization fund with five per cent interest subvention for end users to protect mills from price volatility."To ensure stability in yarn prices, margin money for cotton finance should be reduced from 25% to 10% and stock limit should be increased from three months to nine months so that mills can purchase enough cotton during the season," Rawat said.Industry bodies have also stressed the need for technology-driven growth. “The budget should focus on adoption of artificial intelligence, automation support and technology upgradation so that MSMEs can improve productivity and compete at the global level,” said Yogesh Mehta, president of the Association of Industries of Madhya Pradesh.Skill development has emerged as another priority area for the industry. “Skill development remains another major focus area, with industries demanding more funding for industry-linked training programs to bridge the gap between shop-floor needs and workforce capabilities,” said Gautam Kothari, president, Pithampur Industrial Association.Industrialists have also pointed out operational and cost related challenges. Virendra Porwal, an industrialist, said that allotment of industrial land through auction should be stopped as it increases the cost of the project rapidly. He also pointed out the frequent technical glitches on GeM and tender portals, which lead to delays in procurement and payment.Industries have sought further reforms in power tariff, including a cap of Rs 6 per unit, decentralization of industrial approvals at the district level, streamlining the renewal fee charged by the health and safety department to a 10-year validity and removal of double levy of maintenance charge and property tax by multiple authorities.Industry bodies said a reformed Budget focusing on taxation, power cost, land policy, skill development and technology adoption can significantly strengthen Madhya Pradesh's MSME ecosystem and improve its global competitiveness.read more :- Cotton duty exemption ends, Tamil Nadu's spinning mills in trouble

Cotton import duty exemption ended, prices increased, Tamil Nadu's spinning mills in troubleTamil Nadu has about 46% of India's spinning mills, of which about 1,000 units operate from Coimbatore, Tiruppur, Madurai and Dindigul districts. There are about 400 medium sized spinning mills in Coimbatore and Tirupur alone.At the beginning of the current crop season (November), cotton prices were between Rs 53,000 and Rs 54,000 per candy. To ease supply constraints, the central government had waived 11% import duty on cotton from August to December, allowing mills to meet their raw material requirements through imports. However, this discount ended on 31 December, leading to a steady increase in the price, reaching ₹56,000 per candy on 15 January.Indian Spinning Mills Owners Association vice-president P Prabhu attributed the sudden price hike to non-extension of duty waiver. Pointing out that the Cotton Corporation of India was selling cotton at a premium of Rs 800 to Rs 1,200 per candy, he said good quality cotton was in short supply. Although yarn prices had increased by Rs 8-10 per kg, he said spinning mills were incurring losses due to weak market demand.“Indian cotton prices are higher than international prices, which are around Rs 52,000–53,000 per candy, making it difficult for domestic mills to compete globally.” Representatives of the textile industry have demanded from the Center to extend the exemption in cotton import duty for another three months, so that artificial increase in prices can be prevented. He has also sought the intervention of the state government to put pressure on the Center on this issue.He also reiterated his long-standing demand that the Cotton Corporation of India should open a warehouse in Coimbatore, which could reduce transportation costs by Rs 3-4 per kg.read more :- CCI keeps cotton prices stable, weekly sales continue through online auction

CCI Keeps Cotton Prices Unchanged; Weekly Sales Continue Through Online AuctionsThe Cotton Corporation of India (CCI) kept its cotton prices unchanged during the week ended January 30, 2026, while continuing sales through online auctions for mills and traders. The auctions, conducted between January 27 and January 30, covered cotton from both the current 2025–26 season and limited stocks from the previous season.Daily sales performanceOn January 27, CCI opened the week with sales of 2,900 bales, comprising 2,800 bales from the 2025–26 season and 100 bales from the 2024–25 season. Mills accounted for 1,500 bales, all from the current season, while traders purchased 1,400 bales, including 100 bales from the previous season.Sales moderated on January 28, with 1,700 bales sold, entirely from the current season. Mills bought 1,200 bales, while traders purchased 500 bales.On January 29, total sales stood at 700 bales, all of which were bought by traders.Total sales on January 30 reached 200 bales, with the entire quantity purchased by mills for the season 2025-26.Cumulative salesWith these transactions, CCI’s cumulative sales reached 3,59,300 bales for the 2025–26 season and 98,81,500 bales for the 2024–25 season, as the agency continues to offload stocks through its e-auction platform while maintaining stable prices.read more :- Rupee fell 07 paise to close at 91.99 per dollar

The Indian rupee on Friday lower 07  paise to close at 91.99 per dollar, while it opened at 91.92 in the morning.At close, the Sensex was down 296.59 points or 0.36 percent at 82,269.78, and the Nifty was down 98.25 points or 0.39 percent at 25,320.65. About 2319 shares advanced, 1716 shares declined, and 149 shares unchanged.read more :- CITI welcomes FY26 Economic Survey, emphasizes on T&A support

CITI welcomes FY26 economic survey, seeks targeted support for T&AThe Confederation of Indian Textile Industry (CITI) has welcomed the Economic Survey for the financial year 2026 (FY26) and the roadmap it outlines to sustain India’s growth momentum amid continuing global headwinds. CITI looks forward to the upcoming Union Budget translating the Survey’s vision into concrete support for the textile and apparel sector.While raising its growth forecast for India, the Economic Survey said that “sustained reforms across five pillars – Ease of Doing Business, R&D and innovation, Skilling, Infrastructure & Logistics, and Scaling up of MSMEs – will remain critical in positioning industry as a key engine of future growth.”“The Economic Survey for the FY26 clearly shows the path that will achieve the twin objectives of a Viksit Bharat (developed India) and improve the quality of life of the Indian people, who make up almost 18 per cent of the global population," CITI chairman Ashwin Chandra said commenting on the Economic Survey.“The Survey’s observations on global trade dynamics, the need for increasing manufacturing and export competitiveness, easier credit access for MSMEs, skill development, and innovation, especially, hold great relevance for the textile and apparel sector as the industry seeks to futureproof itself,” Chandran added. The CITI Chairman said a growth-oriented Union Budget, aligned with the Economic Survey’s recommendations, will strengthen India’s position as a globally competitive and sustainable hub for textiles and apparel, which, in turn, could provide a fillip to inclusive growth and create more jobs. India has set itself a target to create a $350 billion textile and apparel industry by 2030, including achieving exports of $100 billion within that period.“In the Budget context, the textile and apparel industry expects it to include specific measures that will enhance the global competitiveness and innovation capacity of the sector,” the CITI chairman pointed out. “We anticipate that the Budget will prioritise improved access to raw materials and introduce enhanced support systems, enabling MSMEs to secure affordable credit and advance their sustainability efforts,” he added.The second-biggest generator of jobs and livelihoods, besides being a significant contributor to exports and the GDP, India’s textiles and apparel sector has been adversely affected by the 50 per cent US tariff on Indian goods, effective August 27, 2025.The US is the single-largest market for India’s textile and apparel exports. At nearly $11 billion in the FY25, India’s textile and apparel exports to the US accounted for around 28 per cent of the country’s overall exports of these items.read more :- Big boost to TN textile sector with 55 MoUs worth Rs 913 crore

TN textile sector gets major boost with 55 MoUs worth Rs 913 croreCOIMBATORE: In a significant boost to Tamil Nadu's textile sector, 55 textile firms signed MoUs committing Rs 912.97 crore in fresh investments, paving a way for the creation of 13,080 new jobs.The MoUs were exchanged in the presence of Deputy Chief Minister Udhayanidhi Stalin at the International Textile Summit-360 held in Coimbatore on Thursday. Addressing the gathering, the Deputy Chief Minister stated that Tamil Nadu’s contribution to the country's textile sector is both immense and consistent."We account for 33 per cent of India’s textile business, 46 per cent of yarn production capacity and 70 per cent of cotton fabric printing capacity. More importantly, the textile sector provides livelihood to three million people, accounting for 25 per cent of India’s textile employment. Notably, 42 per cent of all women working in factories in the country are employed in Tamil Nadu,” Udhayanidhi said, adding that with various reforms and support extended by the Dravidian model government, the State is not a mere competitor in the global textile market, but is also setting new standards for others to follow.Declaring the state government’s commitment to the textile industry, he said that necessary amendments were being made to the six per cent interest subvention scheme to enable extension of benefits to both pre-spinning and post-spinning machinery used in the spinning mills. “The amendment will also allow the industry to apply under the scheme up to three times,” he said.Pointing out that major textile clusters such as Coimbatore, Tirupur, Erode, Karur, Salem, and Chennai have evolved into globally recognised hubs, Udhayanidhi Stalin said Madurai, Dindigul, and Virudhunagar are also emerging as key growth corridors for spinning, weaving, processing, garmenting, and value addition. These clusters set benchmarks in quality and innovation, he noted.Stating that the launch of the new integrated textile policy 2026 clearly reflects the government's focus on competitiveness, ease of doing business, sustainability and investment promotion, the Deputy Chief Minister said the textile sector will remain a key pillar for achieving the milestone of a $one trillion economy.“By moving up the value chain, adopting new technology and expanding global range, our industries will drive this growth very soon. From artificial intelligence-driven business models, smart automation, robotics and next-generation machinery, Tamil Nadu’s textile industry is transforming by embracing a future with confidence and global standards,” he said.The two-day summit brought together investors, policy makers, innovators and technology providers to foster strategic collaborations, technology partnerships and investment opportunities across the textile and handloom eco-system.read more :- The rupee opened 03 paise higher at 91.92 against the dollar.