Tamil Nadu launches Integrated Textile Policy 2025-26 and allocates ₹1,943 crore for handlooms and textiles in the interim budget.
The Government of Tamil Nadu is rolling out a series of policy initiatives and targeted incentives to strengthen the global competitiveness of the state’s textile sector, which accounts for nearly one-third of India’s overall textile industry. The sector is expected to play a central role in supporting Tamil Nadu’s goal of becoming a USD 1 trillion economy by 2031.
As part of this effort, Deputy Chief Minister Udhayanidhi Stalin unveiled the Tamil Nadu Integrated Textile Policy 2025–26 on January 29 at the inaugural International Textile Summit 360, a two-day event organized by the state government in Coimbatore.
Further reinforcing policy support, the Interim Budget presented by Finance Minister Thangam Thennarasu has earmarked Rs 1,943 crore exclusively for the handloom and textile sectors. An equivalent allocation has been made for MSMEs, while Rs 4,282 crore has been allocated for industrial development, which is also expected to benefit the textile industry.
In a statement, The Southern India Mills Association chairman Durai Palanisamy welcomed the interim budget and expressed appreciation to Chief Minister M.K. Stalin for extending strong support toward implementing measures outlined in the Integrated Textile Policy. He said the allocations would encourage modernization, infrastructure development and employment generation across the textile value chain.
Palanisamy also welcomed the allocation of Rs 6 crore for setting up an advanced quality testing laboratory at South India Textile Research Association (SITRA), Coimbatore, aimed at promoting athleisure wear and technical textile manufacturing in the state.
He noted that adequate funding has been provided for establishing handloom parks, upgrading power looms, installing shuttle less looms and attracting fresh investment in textile processing, technical textiles and garment manufacturing. He further welcomed the proposed launch of a New Integrated Renewable Energy Policy, backed by an allocation of Rs 18,091 crore, which is expected to enhance renewable energy capacity and support sustainable industrial growth in Tamil Nadu.
News Courtesy : ANI News