To counter 50% US tariff, TN CM Stalin announces 20% capital subsidy for textile sector

Tamil Nadu CM Announces 20% Capital Subsidy for Textile Machinery

Tamil Nadu Chief Minister M.K. Stalin has announced a 20% capital subsidy for the purchase of advanced textile and garment machinery, as part of the State Government’s efforts to strengthen its textile industry. The scheme will have an annual allocation of Rs. 30 crore (US $ 3.26 million). Stalin made the announcement while addressing the […] The post Tamil Nadu CM Announces 20% Capital Subsidy for Textile Machinery appeared first on Apparel Res…

To counter 50% US tariff, TN CM Stalin announces 20% capital subsidy for textile sector

Chennai: Tamil Nadu Chief Minister MK Stalin on Thursday announced a major 20% capital subsidy for the modernisation of the state’s pivotal textile industry, aimed at boosting global competitiveness. The subsidy will support the purchase of state-of-the-art weaving, knitting, and garment machinery, with an annual allocation of ₹30 crore under the newly released Integrated Textile Policy for 2025-26. New Textile Policy & Subsidy Aim to Cement TN’…