Rs 305-cr scheme for research in textiles, Pg17

Key Highlights:

• The government approved the Tex-RAMPS scheme with a budget of Rs 305 crore to boost textile research.
• Tex-RAMPS will be implemented from 2025-31, according to the Textiles Ministry.
• The scheme aims to promote research, innovation, and start-ups in the textiles sector.

Detailed Insights:

• The Tex-RAMPS scheme is designed to create an ecosystem that fosters collaboration between research institutions and the textile industry.
• The initiative seeks to address technological gaps and promote the development of new and sustainable textile products.
• By supporting start-ups, Tex-RAMPS aims to encourage entrepreneurship and the commercialization of innovative textile technologies.

Key Concepts Involved:

• Innovation: The introduction of something new, such as a new idea, method, or device.
• Textiles: Any material made of interlacing fibers, including clothing and other manufactured goods.
• Start-up: A newly established business, often technology-based, with high growth potential.