KHAGA has appealed to Union Finance Minister Nirmala Sitharaman to reject the proposed GST hike on textiles, fearing it could harm the garment industry, lead to job losses, and make ethnic apparel unaffordable. The association warns of economic consequences and an increase in informal market activity.
Manufacturing News
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Manufacturing
Textile sector to likely see 15 per cent hike in Budget 2025-26 to push domestic growth and exports
The Ministry of Textiles is likely to receive a 15 per cent increase in its allocation, reaching an estimated US $ 587 million
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The Haryana government is considering the development of a new footwear park in Jhajjar, aimed at fostering industrial growth and generating employment. Deputy Commissioner Pradeep Dahiya shared that the project will open doors for new opportunities, following the success of the existing footwear park in Bahadurgarh.
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India plans to strengthen its textile and apparel industry by increasing budget allocations and offering tax incentives and tariff cuts. With political unrest in Bangladesh pushing international merchants to seek alternatives, Indian exporters are handling a surge in demand. The Government is also considering boosting production-linked incentives for 2025-2026.
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Bhiwandi, once a global textile hub, now faces the collapse of its powerloom industry. Looms are being sold as scrap, and industry leaders blame GST, demonetisation, and the rise of auto-looms for the downturn. Ahead of the Union Budget, owners urge the Government to prioritise measures for revival.
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In the past two years, Tirupur has increased its production capacity by 10 per cent to include technological textiles and man-made fibres, compared to a target of 30 per cent.
