Prem Malik, Chairman, CITI (Confederation of Indian Textile Industry) has observed that the only positive aspect of the budget for the textile sector is that the optional excise duty regime has been continued. Since the Government has included this industry under the ‘Make in India’ programme, the industry was hoping for some help from the budget for achieving its high potential for increasing industrial production, generating additional employment and improving export earnings. CITI highlighted the need for the textile industry to diversify into manmade fibre based textile products in order to address the mismatch between the global demand and India’s production patterns in terms of fibre mix. No reduction in the duty burden has been provided for the manmade fibres and therefore industry’s plans for diversification will be seriously hampered. The effective rate of excise duty on manmade fibres has also gone up from 12.36 per cent to 12.5 per cent under the current budget.
Bharat Tex Special Report 2026 
