Mr. Rajeev Gupta, Joint Managing Director, RSWM Limited
“The Union Budget 2026–27 presents a decisive and reform-led roadmap for the textile sector, firmly positioning it within India’s strategy to scale manufacturing, reduce import dependencies and generate employment. The announcement of an Integrated Programme for Textiles, with clearly defined sub-parts, reflects a holistic policy approach that addresses the entire value chain, from fibre security to skilling, sustainability and global competitiveness.
The National Fibre Scheme is particularly significant in strengthening self-reliance across natural, man-made and new-age fibres, while mitigating supply-chain vulnerabilities amid global disruptions. Complementing this, the Textile Expansion and Employment Scheme will accelerate modernisation of traditional clusters through technology upgradation, testing and certification infrastructure, directly enhancing productivity, quality and formal employment, especially in MSME-led regions.
The consolidation of handloom and handicraft interventions, along with the Mahatma Gandhi Gram Swaraj Initiative, reinforces inclusive growth by strengthening artisans, weavers and rural enterprises through market access, branding and skilling. The continued focus on Samarth 2.0, Tex-Eco and mega textile parks, particularly with an emphasis on technical textiles, signals strong intent to future-proof the sector. With effective implementation, these measures can significantly strengthen India’s position as a globally competitive, sustainable and resilient textile manufacturing hub.”
Kanishk Maheshwari, Co-Founder & Managing Director, Primus Partners
“Textile Sector has been in the major spotlight among the sectors, especially the focus building modernized infrastructure and skill upgradation. This strategic focus will provide a significant boost to foreign investments and link our indigenous textile units to the global value chain.”
Mr. Ashok Mittal, MD & CEO, BillMart Fintech
“Overall, this is a good and balanced Budget, with a clear focus on strengthening the MSME sector, which contributes nearly 30% to India’s GDP. The announcement of a dedicated ₹10,000-crore fund for MSMEs is a strong step and will support faster growth for small and medium enterprises. The measures proposed to strengthen the Trade Receivables Discounting System (TReDS) are equally encouraging, as they address long payment cycles that often stretch to 60–90 days for MSMEs. Mandating TReDS for CPSE purchases, linking GeM with TReDS, and introducing credit guarantees for invoice discounting will help improve cash-flow visibility and ease working-capital pressure. Together, these initiatives will give MSME entrepreneurs greater confidence to focus on scaling their businesses”
