Textile sector thanks Centre for extending ECLGS

Coimbatore: Textile export and research players have thanked the Union govt for continuing the Emergency Credit Line Guarantee Scheme (ECLGS) and announcing ECLGS 5.0, stating the measures would provide crucial support to the sector.Ravi Sam, vice-chairman, Cotton Textiles Export Promotion Council, and chairman of South India Textile Research Association, said he had conveyed his appreciation during a recent meeting with Union finance minister Nirmala Sitharaman, highlighting the scheme's role in helping textile units sustain operations and protect jobs during a difficult period. He also urged the govt to withdraw the 11% duty on cotton at least till the start of the new cotton season in Oct 2026. According to him, the move would reduce pressure on the industry, help stabilize raw material prices and improve the competitiveness of Indian textiles in global markets. Sam said the textile sector needed timely policy support to navigate cost pressures and maintain export momentum. He also reiterated his commitment to working with policymakers and industry stakeholders to strengthen the textile ecosystem and support growth.