The scheme carries an outlay of ₹305 crore (~$34.14 million) for fiscal 2025-26 to fiscal 2030-31 and will be fully funded as a Central Sector initiative under the Ministry of Textiles.
Textiles Minister Giriraj Singh said the initiative integrates research, data systems, and start-up support to position India as a global leader in sustainability, technology, and market competitiveness. Tex-RAMPS will advance research in smart and sustainable textiles, establish robust data platforms such as the Integrated Textiles Statistical System, and promote industry-academia collaborations through incubation, hackathons, and State-level capacity building, the ministry said in a statement.
The scheme is expected to enhance global competitiveness, strengthen research and innovation ecosystems, expand evidence-based policymaking, support start-ups, and generate employment across the value chain, paving the way for a future-ready textile industry.
ALCHEMPro News Desk (KD)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!