Tamil Nadu Textile Policy 2025-26 launched, budget of ₹1,943 crore

Coimbatore (Tamil Nadu) [India]: The Tamil Nadu government is implementing a series of strategic policy initiatives and targeted benefits to enhance the global competitiveness of the state's textile industry, which accounts for one-third of India's total textile business.

Recognized as a key driver of economic growth, the textile sector is poised to play a key role in realizing Tamil Nadu's vision of achieving a US$ 1 trillion economy by 2031.

According to the release, Tamil Nadu Deputy Chief Minister Udhayanidhi Stalin unveiled the Tamil Nadu Integrated Textile Policy 2025-26 at the inaugural function of International Textile Summit 360, the first two-day event organized by the government in Coimbatore on January 29.

In the interim budget announced by Finance Minister Thangam Thenarasu today, Rs 1,943 crore has been specifically allocated for the handloom and textile industry, besides an equal amount for MSMEs and Rs 4,282 crore for industries, which will also benefit the textile industry.

Durai Palanisamy, president of The Southern India Mills Association, has said that adequate funds have been allocated to set up handloom parks, modernize powerlooms, set up shuttleless looms and attract new investment in technical textile processing and apparel.

He also welcomed the proposal to issue a 'New Integrated Renewable Energy Policy' with a budget allocation of Rs 18,091 crore to increase renewable energy capacity in the state. (ANI)

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