The Indian textile industry has welcomed the Union Budget proposals saying that it is growth oriented. The Budget has emphasised on the development of inland waterways for cargo movement. It will bring down the cost of transport, especially for bulk products such as raw cotton. The Non- Banking Finance Companies had been assured of support which was a right step. Increase in allocation for development of handloom, handicraft, wool, silk, jute and power loom sectors and additional funds for skilling will benefit the industry. Besides, the announcement of “One Nation One Grid” power sector tariff and structural reforms will be a boon to the textile industry, which is power intensive. The initiatives taken on ease of doing business and investments planned in infrastructure are welcome measures.