Union Budget 2025-26 Review by AMHSSC Chairperson Padmashri Dr. Sakthivel

We wholeheartedly commend the Government of India, under the leadership of Honorable Prime Minister Narendra Modi, for presenting a visionary and impactful Union Budget 2025-26. This budget clearly demonstrates a strong commitment to inclusive growth, prioritizing employment generation, skill development, social justice, and a robust manufacturing sector. It is particularly encouraging to see the focus on youth, women, and farmers, recognizing their crucial role in nation-building.

The announcements made by Finance Minister Smt Nirmala Sitharaman resonate deeply with the needs and aspirations of the apparel industry and the broader skill ecosystem. The establishment of the Export Promotion Mission is a game-changer. The initiatives outlined within this mission, specifically the improved access to credit for exporters, especially MSMEs, and the introduction of the ‘Bharat Trade Net’ platform, will significantly streamline our export processes. These measures will not only reduce hurdles but also enhance transparency and efficiency, making Indian apparel exports more competitive globally. The simplification of export documentation will be a boon for smaller players, allowing them to participate more actively in international trade.

The creation of five National Centers of Excellence for skilling, with global expertise and partnerships, is a transformative initiative. These centers will play a pivotal role in equipping our youth with the cutting-edge skills needed for “Make for India, Make for the World”.

The emphasis on boosting cotton productivity and sustainability through a dedicated mission, aligning with the Hon’ble PM’s 5F vision, is a welcome step. This focus on ELS cotton and the integration of science and technology will strengthen the very foundation of our industry, improving the quality and availability of raw materials.

Overall, the Union Budget 2025-26 lays a strong foundation for inclusive and sustainable growth in the apparel industry. By prioritizing skilling, manufacturing, exports, and sustainability, the government has reaffirmed its commitment to making India a powerhouse in the global textile market. We applaud these forward-thinking measures and remain optimistic about their long-term impact in strengthening the industry and uplifting millions of workers, entrepreneurs, and stakeholders.

(Disclaimer: The views expressed in the article above are those of the author Dr. A. Sakthivel, Chairman, Apparel Made-ups and Home-furnishing Sector Skill Council. The matter and intent of this article has not been edited by skillreporter.com. Skill Reporter shall not be responsible for any person/ organization directly or indirectly.)