The South India Spinners Association (SISPA) welcomed the Union Budget 2026–27, presented by Union Finance Minister Nirmala Sitharaman, and appreciated the government’s focus on strengthening the economy, boosting manufacturing, empowering MSMEs, and supporting key sectors.
SISPA President Arun Karthik said the budget includes several positive measures for the textile value chain. These include an integrated fibre and textile strategy, with the proposed National Fibre Scheme aimed at strengthening natural and man-made fibre capacities and improving global competitiveness.
The association also welcomed the launch of the Mahatma Gandhi Handloom Scheme to support khadi, handloom, and village industries, as well as the focus on mega textile parks, modernisation, and skilling initiatives, which are expected to drive investment and innovation. Budget measures supporting manufacturing expansion, infrastructure development, and exports were seen as beneficial for textile mills.
While appreciating the reform-oriented approach of the budget, SISPA urged the government to consider additional measures to improve the global competitiveness of spinning mills. The association reiterated its demand for exemption from the existing 11% import duty on cotton during periods of high domestic prices, stating that it would help stabilise raw material costs and support yarn exports.
SISPA also called for further duty rationalisation on textile inputs and machinery, extension of PLI-type incentives to the cotton value chain, financial support for sustainability initiatives, strengthened export finance support, and the creation of a dedicated fund to promote digital and Industry 4.0 adoption among textile MSMEs.
Overall, SISPA described the Union Budget 2026–27 as progressive and growth-oriented, noting that targeted support for spinning mills and value-chain integration could significantly boost employment, exports, and the textile sector’s contribution to the Indian economy.
