Textiles Ministry seeks industry’s inputs on Budget
The Ministry of Textiles convened the first post-budget National Industry Consultation on Thursday, bringing together senior government officials and industry leaders to deliberate on implementation priorities following the Union Budget
New Delhi: The Textiles Ministry sought inputs from industry leaders, financial institutions and development partners on the implementation of two key initiatives - the Textile Expansion and Employment (TEEM) Scheme and the Tex Eco Initiative - announced in the Budget 2026-27.
The schemes aim to strengthen competitiveness, modernisation, sustainability, and employment generation across the textile and apparel sector. The Ministry of Textiles convened the first post-budget National Industry Consultation on Thursday, bringing together senior government officials, industry leaders, financial institutions, development partners and representatives from across the textile value chain to deliberate on implementation priorities following the Union Budget 2026 announcements.
"The consultation focused on operationalising two key initiatives announced in the Budget - the Textile Expansion and Employment (TEEM) Scheme and the Tex Eco Initiative - aimed at strengthening competitiveness, modernisation, sustainability and employment generation across the textile and apparel sector," an official statement said.
Secretary in the Textiles Ministry, Neelam Shami Rao, highlighted that after a year marked by resilience amid global headwinds, the outlook for the Indian textile industry is increasingly favourable. She noted that key Free Trade Agreements (FTAs) now in place are opening significant new market opportunities for Indian exporters, enhancing tariff competitiveness and strengthening India's position in global value chains.
