Home / Knowledge / News / Textiles / Govt to start Rs 2 billion mission to promote technical textiles
Govt to start Rs 2 billion mission to promote technical textiles
19
Nov '10
The Government of India is prepared to start the Rs 2 billion mission to promote technical textiles as the Ministry of Finance has already cleared the task of setting up four new research centres for the sector. These centres will focus on various products such as medical gloves, mosquito and fishing nets as well as shoe laces.

The mission is likely to set free investments in the technical sector. The mission is also expected to attend the challenges faced by the sector such as the dearth of basic infrastructural facilities, technology, skillful human resources, research and development facility, training facility and setting up of regulatory measures.

An investment of around Rs 950 million has already been cleared by the Ministry of Finance for establishing four new 'centres of excellence' for technical textiles. The Textile Ministry has also sanctioned the mission on technical textiles.

The total number of 'centres of excellence' is expected to touch the number of eight, including the already existing CoEs in the country. These centres have been planned in order to develop technical textiles, which are used in safety and protective gears, medical and agri products.

According to a study made by the Textile Ministry, the size of the Indian technical industry is estimated to be at $11 billion, while the size of the international technical industry is projected at $127 billion.

Fibre2fashion News Desk-India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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