Home / Knowledge / News / Fashion / NIFT TEA Institute to get aid for incubation centre
NIFT TEA Institute to get aid for incubation centre
08
Jul '17
Students at the Knitting Laboratory of NIFT TEA Institute; Courtesy: NIFT TEA Knitwear Fashion Institute
Students at the Knitting Laboratory of NIFT TEA Institute; Courtesy: NIFT TEA Knitwear Fashion Institute
The NIFT TEA Knitwear Fashion Institute in Tamil Nadu is among the ten institutions that will receive financial assistance from Niti Aayog for installing incubation centres. The aid will be provided by the Aayog in its first round of funding for Atal Innovation Mission (AIM), which intends to support the establishment of new Atal Incubation Centres (AICs).

AICs would nurture innovative start-up businesses in their pursuit to become scalable and sustainable enterprises, said a statement from Niti Aayog.

Under AIM, the Aayog would provide a grant-in-aid of up to Rs 10 crore for a maximum period of 5 years. The amount would cover the capital and operational expenditures to set up the AIC.

NIFT TEA Knitwear Fashion Institute, which presently does not have any collaboration with NIFT, New Delhi, is conveniently situated between Tiruppur Export Knitwear Industrial Complex (TEKIC) and Tamilnadu Adidravidar Housing Development Corporation (TAHDCO).

As per the terms of setting up AIC, NIFT TEA Institute will provide at least 10,000 sq ft of ready-to-use, built-up space, for the exclusive use of the AIC.

Aimed at encouraging innovative startups, the incubation centre will have suitable physical infrastructure in terms of capital equipment and operating facilities, coupled with the availability of sectoral experts for mentoring the startups, business planning support, access to seed capital, industry partners, trainings and other relevant components.

So far, the core focus of NIFT TEA has been to provide comprehensive and world-class knitwear education to the student community and thereby create an on-demand talent pool for India’s export-oriented apparel industry. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pakistani textile associations want uniform energy pricing

Textiles | On 21st Feb 2018

Pakistani textile associations want uniform energy pricing

Pakistan’s textile industry association representatives have...

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search