Textiles Ministry signs agreements with 15 states to strengthen textile data systems

Economic Times
Economic Times
2h ago
India’s Textiles Ministry signed agreements with 15 states in Guwahati to strengthen textile-sector data systems under the Tex-RAMPS scheme as part of efforts to support growth toward a $350 billion industry by 2030.
Textiles Ministry signs agreements with 15 states to strengthen textile data systems
A What happened
The Textiles Ministry signed memoranda of understanding with 15 states to create an operational framework to strengthen textile data systems under the Tex-RAMPS scheme. The MoUs were signed at the National Textiles Ministers' Conference in Guwahati, held January 8–9. The ministry said the effort aims to improve the coverage, quality, timeliness, and credibility of textile-related statistical products and research. The ministry is providing a yearly grant of Rs 12 lakh to each state/UT, and the country aims to double the textile industry to $350 billion by 2030 from $176 billion.
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Key insights

  • 1

    Data strengthening positioned as support for industry growth planning: The ministry said strengthening the textiles statistical system is intended to bridge data gaps and ensure the road-map toward a $350 billion textile industry is backed by robust, real-time insights.

  • 2

    Conference agenda emphasises coordinated, value-chain alignment: Conference deliberations are intended to take a holistic view of the sector and state that long-term success depends on alignment across the value chain and coordinated efforts from states.

Takeaways

The Textiles Ministry is implementing Tex-RAMPS through MoUs with 15 states and annual grants to improve textile data systems while states discuss investment, technology, exports, and heritage as part of a target to reach $350 billion by 2030.

Topics

World & Politics Policy & Regulation Development

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