Union Budget 2025
We are pleased to share key updates from the Union Budget 2025 that impact the textile and apparel sector.
This year’s budget brings several strategic initiatives, including:
A 5-year mission to improve cotton productivity and sustainability.
Customs duty exemptions on specific looms to support modernization.
Revised tariffs on knitted fabrics to enhance domestic manufacturing.
Export Promotion Mission to boost textile and apparel exports.
Enhanced credit access for MSMEs and startups in the sector.
Personal income tax reforms are increasing disposable income, potentially benefiting the apparel industry.
CREDITS: Wazir advisors.