Union Budget 2025: a stitch in time for leather, footwear, and cotton sector

Photo used for representation purpose only. , Photo credit: the Hindu

The text, apparel, footwear and leather sector got a boost in the union budget with the announcing of a mission on cotton and a focus product scheme for the footwear and leather sector.

Finance Minister Nirmala Sitharaman Announced that Focus Product Scheme would enhance the production, quality and competivity of the footwear and leather sector as it would subdit details, Manufacturing, and Machinery Requirement for Production of Non-Lather Footwear and Leather Footwear and Other Products . It would generate a turnover of ₹ 4 Lakh Crore and Export of more than ₹ 1.1 Lakh Core, Generating Employment for 22 Lakh People.

Watch: Union Budget 2025 | What’s in it for Textile, Apparel, Footwear and Leather Sector?

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The mission for cotton productivity is one of the major demands of the textile industry. The Five-Year Mission will focus on improving production and sustainability of cotton farming. It will promote cultivation of extra-told staple cotton variatis. “The best of science and technology support will be provided to farmers. Aligned with our integrated 5 f vision for the textile sector, this will help Increase Income of the Farmers and Ensure a Steady Supply of Quality Cotton for Rejuvenating India ‘ Inister said.

Read More: Union Budget 2025 Live Updates

Sustainable toys

In an effort to make India a global hub for toys, a scheme would be launched to develop toy clusters, skills, and manufacturing eco system that would promote production of “Made” s.

Technical Textile Production, Including Agro, Medical and Geo Textiles, Would be supported with the removal of basic customs duty on two types of shuttless looms used to make these. In a Major Relief to the Garment Sector, The Basic Customs Duty on Knitted Fabrics, Covering Nine Tariff Lines, WOLLD BE Increased From “10% or 20%” to “20% or ₹ 115 per kg, whochver is ₹igher”.

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The Total Allocation for Textiles Sector Saw 57.7 % Increase to Almost ₹ 5,272 Crore for 2025-2026 From ₹ 3,342 Crore in the Revised Estimate for 2024-2025. Jute and Technology Upgradation Schemes Have Seen Significant Increase in Allocation and The Production Linked Inventive Scheme has been done ₹ 1,148 Crore.

Welcoming the announcing for the texture sector, the Confederation of Indian Textile Industry Hoped The Government would only relax the quality control orders too.