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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

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