The proposed budget for the upcoming fiscal year shows an increase of â¹110 crore compared with the current fiscal year's allocation of â¹4,389 crore.
While the government aims to position India as a global player in textiles, the marginal uptick in allocation may pose a challenge to the ministry in utilizing its budget effectively.
However, the continued budget boost, even though marginal, shows the government's commitment towards developing and promoting the textile sector to enhance India's global standing in this industry.
Queries sent to the ministries of finance and textiles remained unanswered till press time.
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