Union Budget 2025 | What’s in it for textile, apparel, footwear and leather sectors?

Union Budget 2025 | What’s in it for textile, apparel, footwear and leather sectors?

The textile, apparel, footwear and leather sectors got a boost in the Union Budget with the announcement of a Mission on Cotton and a focus product scheme for the footwear and leather sector.

Finance Minister Nirmala Sitharaman announced that the focus product scheme would enhance the productivity, quality and competitiveness of the footwear and leather sector as it would support design capacity, component manufacturing, and machinery requirements for the production of non-leather 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.

Credits

Presentation: Soundariya Preetha M

Video: Shibu Narayan H

Editing: Shivaraj S