Mumbai (Maharashtra) [India], February 3: The Hon'ble Union Finance Minister, Smt Nirmala Sitharaman, announced the Union Budget for 2026-27 on Sunday, February 01.
Union Finance Minister Nirmala Sitharaman on Sunday while presenting the Union Budget 2026-27, Sitharaman proposed to introduce a scheme to revive 200 legacy industrial clusters "to improve their cost competitiveness and efficiency through infrastructure and technology upgradation."
For the labour-intensive textile sector, Finance Minister Nirmala Sitharaman proposed an integrated programme with key components. The Minister emphasised that the first pillar of her plan, the National Fibre Scheme, is aimed at "achieving self-reliance in natural fibres like silk, wool,