The Union Budget 2025-26 has introduced a series of strategic initiatives poised to significantly impact India's textile industry. Nandan Terry Limited, a leading terry towel manufacturer and a prominent exporter of bath linens stands to benefit from these reforms. This article explores how the budget's provisions align with Nandan Terry Limited's operational strengths and growth objectives.
Increased Budget Allocation for Textiles
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The government's allocation for the Ministry of Textiles has risen by 57.7%, from ₹3,342 crore in the previous fiscal year to ₹5,272 crore in 2025-26. This substantial increase underscores the government's commitment to revitalizing the textile sector. For Nandan Terry Limited, these industry-driven initiatives help create the right environment for growth, supporting expansion and technological progress through innovation and efficiency.
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Launch of the Cotton Mission
A significant highlight of the budget is the introduction of a five-year 'Cotton Mission' with an investment of ₹500 crore. This initiative aims to boost cotton productivity and promote extra-long-staple cotton varieties. Given Nandan Terry Limited's extensive use of 100% cotton in its product range—including Certified Organic, Egyptian, Supima, and various cotton blends—this mission promises a more reliable supply of high-quality raw materials, enhancing product quality and consistency.
Support for Modernization and Technology Upgradation
The budget emphasizes the Amended Technology Upgradation Fund Scheme (ATUFS) and Production Linked Incentives (PLI), ensuring faster disbursement of funds to the industry. As a state-of-the-art manufacturer with strengths in spinning, weaving, processing, and CSP of terry towels, Nandan Terry Limited looks forward to working hand in hand with these initiatives to enhance its capabilities in spinning, weaving, processing, and CSP of terry towels, ensuring sustainable growth and innovation.
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Implications for Nandan Terry Limited
With a workforce exceeding 10,000 and a production capacity of 25 million pieces annually, Nandan Terry Limited has established itself among the top three towel manufacturers in India. The budget's focus on enhancing cotton productivity, financial incentives for technological upgrades, and overall support for the textile sector aligns with Nandan Terry Limited's mission to produce value-added products for quality-conscious global markets.
Conclusion
The Union Budget 2025-26 opens new doors for the textile industry, driving growth through modernization, sustainability, and improved efficiency. These initiatives are not just about boosting the sector—they're about creating a more resilient and competitive textile ecosystem. As the industry evolves, Nandan Terry Limited remains at the forefront, setting new standards with its dedication to quality, innovation, and excellence. With a future-focused approach and a passion for progress, Nandan Terry Limited is helping shape the next chapter of textiles in India and beyond.