In the Union Budget 2026-27, a comprehensive and integrated policy framework has been announced to strengthen the entire textile value chain in the country. Ministry of Textiles said that the Government has also announced the setting up of Mega Textile Parks in challenge mode, with a focus on integrated infrastructure, scale efficiencies and value addition. These parks will support growth in technical textiles, a high-potential segment critical for industrial, medical, defence and infrastructure applications. To strengthen khadi, handloom and handicrafts, the Mahatma Gandhi Gram Swaraj Initiative will be launched.
The initiative will focus on global market linkage, branding, streamlined training, skilling, quality improvement and process modernisation. The Ministry added that the scheme will benefit weavers, village industries, rural youth, and support the One District One Product initiative. Textiles Ministry added that the Union Budget 2026-27 reflects a clear strategic vision to position India as a global textile manufacturing and export hub, ensuring inclusive growth, sustainability and large-scale employment.
