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Central and state budgets to boost MSMEs

By shruti lashkari 2026-02-19 15:17:03
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*"The Union and State Budgets will strengthen Bhilwara's textile industry," said Riju Jhunjhunwala, who stated that manufacturing exports and MSMEs will receive a boost.*


Riju Jhunjhunwala of the RSWM Bhilwara Group expressed his gratitude to the Prime Minister for the Union Budget 2026–27. He described the budget as growth-oriented, encouraging manufacturing, empowering small and medium-sized enterprises, and boosting exports.


Jhunjhunwala stated that Bhilwara, recognized as a major textile hub in the country, will directly benefit from this budget. Technology upgrades, the use of modern machinery, infrastructure expansion, transportation improvements, and a special emphasis on skill development will further strengthen textile units here. This will increase production capacity, improve global competitiveness, and create new employment opportunities.


He stated that the budget provisions will encourage new investment in Bhilwara. Value addition, the use of green energy, and increased export opportunities will provide new direction and momentum to the local industry.

Rajasthan Budget Also Praised

Riju Jhunjhunwala also praised the Rajasthan Budget presented by Deputy Chief Minister and Finance Minister Diya Kumari. He stated that the state budget focuses on infrastructure, industrial development, and strengthening connectivity, which will strengthen the industrial ecosystem in Bhilwara and the entire state.


Expressing gratitude to Chief Minister Bhajan Lal Sharma and the state leadership, he said that the current government's efforts have created a positive industrial environment in the state.


He expressed confidence that the coordinated efforts of the central and state governments will make Bhilwara's textile sector even stronger and more competitive not only nationally but also globally.
 

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