One of the key highlights of the Budget is the revision of classification criteria for MSMEs, both in terms of investment and turnover. Shri Dodhia pointed out that nearly 80% of the textiles sector operates within the MSME clusters, and this revision would empower these units to achieve scale, enhance competitiveness, and contribute significantly towards making India a global manufacturing hub for textiles.

Additionally, the Budget has introduced important amendments in the Basic Customs Duty (BCD) rates on knitted fabrics, covered under nine tariff lines. The revised rates have been changed from “10% or 20%” to “20% or ₹115 per kg, whichever is higher.” Furthermore, two more types of shuttleless looms have been added to the list of fully exempted textile machinery. These moves would enhance the  textile sector’s export competitiveness, according to the Chairman, MATEXIL.

Shri Bhadresh Dodhia also appreciated the increased fund allocation for key government schemes such as RoDTEP (Remission of Duties and Taxes on Exported Goods), RoSCTL (Rebate on State and Central Taxes and Levies), and Production-Linked Incentive (PLI) Scheme for Textiles. He expressed confidence that these initiatives will boost the export potential of manmade fibre textiles and technical textiles and would strengthen India’s position in  the global markets.