CM Stalin Announces 20% Capital Subsidy for Textile Machinery in Tamil Nadu
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News18•29-01-2026, 13:45
CM Stalin Announces 20% Capital Subsidy for Textile Machinery in Tamil Nadu
- •Tamil Nadu CM MK Stalin announced a 20% capital subsidy for advanced textile and garment machinery purchases.
- •The subsidy aims to strengthen the state's textile sector, with an annual allocation of Rs 30 crore.
- •Tamil Nadu is India's largest exporter of readymade garments, contributing 33% to the national textile trade and employing 31 lakh workers, over 60% of whom are women.
- •The state government is addressing challenges like the US tariff and urging the Union Government to withdraw the 11% import duty on cotton.
- •The Tamil Nadu New Integrated Textile Policy 2025-26 was released, and the conference is expected to attract Rs 915 crore in investments through 55 MoUs.
Why It Matters: CM Stalin's 20% capital subsidy aims to boost Tamil Nadu's leading textile sector and attract investments.
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