To my knowledge the policy that was in circulation was aimed to increase textile exports to $20.8b by 2025. We will for sure cross this figure much earlier, we will be $18b+ by the end of this FY.
The incentives offered in the proposed textile policy are already in place for a year or so. On ground there is already a renogiated tariff for gas and electricity is also subsidized. The delay is in view of IMF programme and what kind of fiscal space gov has ( how much subsidies government can afford) , at what level the current energy prices will stabilise at.
There is nothing wrong with the textile sector apart from disruptions in gas supply ( $250m figure IMO is a preety good rough estimate) which will probably be over from March.
Our long term contracts are defaulting both Eni and Guvnor and the cost of replacing them with spot ( last I checked it was $30-40+/ mmbtu in Asian Market) will cost us more both in $ and also the amount of subsidies required to provide this spot LNG to textile is not feasible.
This is my assessment.