The Federation of Industry & Commerce of North Eastern Region (FINER) has expressed its satisfaction with the Union Budget 2026-27, describing it as a well-balanced, growth-oriented budget that addresses the needs of industry while maintaining fiscal discipline.
Union Textile Minister Giriraj Singh said, "This is a comprehensive and all-encompassing budget. As the Textile Minister, I can only say that this journey, started by PM Modi in 2014-15 from Rs 15-16 lakh, has now gone above Rs 53 lakh today.
"I don't know what course correction he is referring to. The economy and its fundamentals are strong. Global uncertainty is facing many of our sectors, for whom we have brought in so many different schemes for those small and medium enterprises, for textiles, for leather, for people who a
Imports from India witnessed a sharper contraction, falling 31.4% year-on-year in November 2025 compared with November 2024, marking one of the steepest monthly declines among major suppliers, it said. This significant decline is indicative of the challenges faced by India's textile and appa
Speaking exclusively to ANI on the FTA, Goyal emphasised that the agreement is a win-win deal that will drive economic growth and create new opportunities for Indian businesses and citizens. Goyal highlighted the potential benefits of the FTA for India's textile sector, which is expected
Tamil Nadu Chief Minister MK Stalin on Thursday announced a 20 per cent capital subsidy for the purchase of advanced textile and garment machinery, as part of the Tamil Nadu Government's efforts to further strengthen the textile sector.
The conclusion of the India-European Union Free Trade Agreement (FTA) marked a significant boost for India's labour-intensive export sectors, with tariffs on most Indian goods entering the EU reduced or cut to zero.
Indian textile industry is set to benefit from the India-EU FTA with exports and has potential to grow from USD 7 billion to USD 30-40 billion very quickly, Union Minister of Commerce and Industry Piyush Goyal said on Tuesday, noting that this could generate 6-7 million jobs in the labour
Prime Minister Narendra Modi has said that the India-EU Free Trade Agreement finalized on Tuesday will provide easy access to the European Union market for India's labour-intensive products, including textiles, gems and jewellery, auto parts, and engineering goods.
"Textiles remain among the largest employers in the country and a duty-free access to the EU market would be beneficial not only for the sector but also for the broader economy," Singhania said. He added that a favourable agreement with the EU could also strengthen India's position in fut
Highlighting India's rapid economic progress, PM Modi urged industry and start-ups to place a strong emphasis on quality. He said the era of compromising on standards was over and India must now be known globally for top-quality products. "Be it our textiles, technology, electronics or ev