Stalin has announced a 20 percent capital subsidy for textile companies purchasing state‑of‑the‑art machinery, as part of efforts to strengthen the competitiveness of the state’s textile industry. The announcement came during the International Textile Industry Conference held at the Coimbatore Kodisila campus, which the Chief Minister inaugurated via video link from Chennai. Under the new incentive, textile units will receive a subsidy equal to 20 percent of the cost of advanced machinery they procure. Industry representatives welcomed the announcement, saying access to subsidised machinery could reduce costs and spur investments in automation and advanced production lines. Officials noted that such support is especially timely as units face challenges related to rising input costs and global competition.