Chennai, Aug 5:The Tamil Nadu Budget 2026–27 outlines a strong push toward industrial expansion, innovation and MSME growth, with a focus on balanced regional development and future-ready sectors. A new Tamil Nadu Industrial Policy is also on the anvil to promote innovation, exports and sustainable industrial growth. Key initiatives include the Tamil Nadu Women Entrepreneurs Empowerment Scheme with an outlay of ₹225 crore and a ₹352 crore Capital Subsidy Scheme. Additionally, the government plans to establish a Tamil Nadu Institute of Design, launch a Technical Textiles Transformation Scheme and support sector-specific institutions such as the Tiruppur Textiles Technology Centre. The Tamil Nadu Palmyra Development Corporation has also been allocated ₹16 crore to boost traditional industries.