The Union Budget has launched a strategic five-year Cotton Mission, focusing on increasing productivity in extra-long staple varieties through the use of advanced Science and Technology for farmers. This initiative aims to modernize the sector, align with the ‘5 F principle,’ and enhance the farming community’s income through improved yields and global competitiveness. This mission is poised to diminish reliance on cotton imports, stabilize raw material supply, and support the sustainable growth of India’s textile industry. With MSMEs driving 80% of India’s textile capacity, the rise in domestic cotton output is crucial for boosting small and medium enterprises’ competitiveness. Finance Minister announced the Union Budget 2025-26 on February 1, spotlighting the textile sector as a key economic player. The 2025-26 Budget reveals a notable increase in funding for the Ministry of Textiles, reaching Rs. 5272 crore, a 19% rise from the previous year.
