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India launches Tex-RAMPS scheme to boost textile research & innovation

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India launches Tex-RAMPS scheme to boost textile research & innovation



India has approved the Textiles Focused Research, Assessment, Monitoring, Planning and Start-up (Tex-RAMPS) Scheme, aimed at strengthening innovation, competitiveness, and data-driven policymaking in the country’s textiles and apparel sector.

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.

India has launched the Tex-RAMPS Scheme with an outlay of ₹305 crore (~$34.14 million) for fiscal 2025-26 to fiscal 2030-31 to strengthen research, data systems, innovation and start-ups in textiles.
Fully funded by the Ministry of Textiles, the scheme will support smart textile research, build a real-time data platform, nurture entrepreneurial ventures and expand State-level capacity.

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.

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CCPIT to facilitate exchanges, collaboration between Chinese, US firms

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CCPIT to facilitate exchanges, collaboration between Chinese, US firms



The China Council for the Promotion of International Trade (CCPIT) will facilitate exchanges and collaboration between Chinese and US companies in investment, trade and technology, it said recently.

CCPIT has approved 119 activities for Chinese enterprises to participate in US-based exhibitions this year; 30 are over by February, CCPIT spokesperson Wang Wenshuai told in a press conference.

It will also utilise its dedicated working group for foreign-funded enterprises, ensuring that the reasonable demands of US-funded enterprises are met, Wang was cited as saying by a state-controlled media outlet.

The China Council for the Promotion of International Trade will facilitate exchanges and collaboration between Chinese and US firms in investment, trade and technology.
It has approved 119 activities for Chinese enterprises to participate in US-based exhibitions this year; 30 are over by February.
It will also utilise its dedicated working group for foreign-funded enterprises to address US firms’ demand.

CCPIT will use events like the Asia-Pacific Economic Co-operation CEO Summit and the B20 business activities during the December G20 Leaders’ Summit as an opportunity to work with all parties, including the US business community, to build consensus, deepen co-operation and promote inclusive, strong and sustainable growth of the Asia-Pacific and global economies, Wang added.

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European Commission, Switzerland sign broad package of agreements

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European Commission, Switzerland sign broad package of agreements



European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding European Union (EU)-Switzerland ties.

The package establishes a modern framework for both sides, enabling frictionless access to a market of 460 million consumers in key sectors, delivering economic benefits to both parties.

European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding EU-Switzerland ties.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides.

By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides of the border.

Additionally, it will ensure more consistent rules for individuals who live, work or study across the EU-Swiss border. Switzerland will contribute to the development of legislation in the areas covered by the package and will have the opportunity to influence these rules as they are being designed.

“By modernising and deepening our ties across key sectors, from trade and transport to health and energy—we are strengthening legal certainty, fostering innovation and creating new opportunities for our citizens and businesses,” von der Leyen said in a release from the Commission.

The package includes updates to four already existing agreements, which already give Switzerland access to the EU internal market, regarding air transport, land transport, the free movement of persons and mutual recognition of conformity assessment.

New agreements on food safety, electricity, health and Switzerland’s participation in the EU Agency for the Space Programme were signed. A new agreement introduced a permanent and fair financial contribution by Switzerland to economic and social cohesion within the EU.

Apart from a protocol on parliamentary cooperation, the package includes also a joint declaration on the establishment of a high-level dialogue on the broad bilateral package.

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Iran conflict sends apparel freight rates soaring on US & EU routes

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Iran conflict sends apparel freight rates soaring on US & EU routes












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