India's Textile 'Surgical Strike' on Bangladesh from Delhi, Not Border
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News18•01-02-2026, 16:21
India's Textile 'Surgical Strike' on Bangladesh from Delhi, Not Border
- •Union Budget 2026-27 introduces policies to boost India's textile industry, aiming for global competitiveness against countries like Bangladesh.
- •Key pillars of the policy include self-reliance, employment generation, innovation, and global competitiveness, with a focus on rural development and export promotion.
- •Bangladesh currently leads India in garment exports, benefiting from zero duty in Europe due to its LDC status, but India's new FTA with the EU could change this dynamic.
- •Major announcements include mega textile parks, the Mahatma Gandhi Gram Swaraj Initiative for Khadi and handicrafts, and promoting India as a hub for sports goods.
- •Five new schemes, including a National Fiber Scheme and Samarth 2.0, are introduced to strengthen the textile value chain, aiming for $100 billion in exports by 2030.
Why It Matters: India's new budget policies aim to transform its textile industry, directly challenging Bangladesh's export dominance.
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