The garments and textiles industry , reeling under the effect of US import tariffs , has asked the government for a slew of measures, including tax concessions for new units, depreciation allowance, interest subvention and rationalisation of key schemes in recent pre-budget consultations.

“Representatives of the textiles and garments industry, including exporters, met the Textiles Secretary recently to give submissions on expectations from budget 2026-27. With the US tariffs giving a sharp blow to the Indian industry, the government was urged to provide both tax and non-tax relief in budget 2026-27 as well as during the ongoing fiscal,” a source tracking the matter told businessline .

The textile and garments sector is crucial for India as the sector provides employment to over 45

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