The South India Spinners Association (SISPA) wholeheartedly welcomes the State Budget for 2026–27 presented today by Marie Wilson, Minister for Finance, Planning and Development.
The Budget outlines a visionary roadmap to transform Tamil Nadu into a US$1.5 trillion economy by 2036 by prioritising industrial development, investment promotion, employment generation, education, skill development, power infrastructure, green energy, agriculture and social welfare.
The Association welcomes the various policy initiatives and financial allocations announced to achieve this long-term economic vision. The Association considers the allocation of Rs.4,414 crore to the Industries, Investment and Commerce Department, Rs.2,142 crore to the Micro, Small and Medium Enterprises (MSME) Department and Rs.1,678 crore to the Handlooms, Handicrafts, Textiles and Khadi Department as significant measures that will enhance Tamil Nadu’s manufacturing capabilities, attract fresh investments, generate employment and further strengthen the textile value chain.
The emphasis accorded to the MSME sector is particularly encouraging and will support the growth of small and medium-sized spinning mills, facilitate technology upgradation and enhance export competitiveness.
The Association appreciates the Government’s continued focus on human resource development. The allocations of Rs.44,527 crore for School Education, Rs.8,393 crore for Higher Education, Rs.2,000 crore for the “Vetri” Laptop Scheme, Rs.150 crore for the “Vetri” Skill Development Programme and Rs.2,022 crore for the Labour Welfare and Skill Development Department represent long-term investments in developing a skilled workforce required by industry.
The initiatives relating to Artificial Intelligence (AI), Machine Learning, technical education and skill enhancement will further improve the competitiveness of Tamil Nadu’s industries in the years ahead.
The allocation of Rs.15,828 crore to the Energy Department, coupled with initiatives for strengthening power infrastructure, establishing new substations, modernising transformers, expanding green energy transmission networks, promoting rooftop solar power generation, introducing Battery Energy Storage Systems (BESS), expanding electric vehicle charging infrastructure and reinforcing the power transmission network, provides renewed confidence to industry.
These initiatives in the power sector, which represents one of the largest input costs for manufacturing industries, will improve the reliability of electricity supply, promote greater adoption of green energy and contribute significantly to the sustainable growth of industries in the long term.
The Association also appreciates the financial allocations announced for agriculture, women empowerment, school education, the breakfast scheme, healthcare, social justice and various other social welfare programmes. The Government’s approach of balancing economic growth with inclusive social development is highly commendable.
The textile and spinning industry continues to play a vital role in Tamil Nadu’s economic growth, exports and employment generation, providing livelihoods to lakhs of people, particularly women in rural areas. The Association is pleased that the Government continues to accord due importance to the sustainable development of this sector.
