: Textiles Ministry to invest Rs 60 cr in 23 strategic research projects #FinanceIndia #StockMarketNEWS Textiles Ministry to invest Rs 60 cr in 23 strategic research projects New Delhi, Sept 17 (KNN) The

@StockMarketNEWS Sun 18 Sep, 2022

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Textiles Ministry to invest Rs 60 cr in 23 strategic research projects #FinanceIndia #StockMarketNEWS
Textiles Ministry to invest Rs 60 cr in 23 strategic research projects New Delhi, Sept 17 (KNN) The Ministry of Textiles has cleared 23 strategic research projects worth around Rs 60 crore in the areas of Specialty fibres, Sustainable Textiles, Geotextiles, Mobiltech and Sports textiles.

It was recently approved under the chairmanship of Union Minister of Textiles, Piyush Goyal.

These strategic research projects fall under the Flagship Programme ‘National Technical Textiles Mission.’

Among these 23 Research projects, 12 Projects of Speciality Fibres having application areas in Agriculture, Smart Textiles, Healthcare, Strategic Application and Protective gears were cleared.

Four Projects from Sustainable Textiles having application area in Agriculture and Healthcare Sector were cleared.

Also, 5 projects from Geotextile, 1 from Mobiltech and 1 from Sportech were cleared.

Member NITI Aayog (Science & Tech) & Principle Scientific Advisor (PSA) provided inputs pertaining to Technical Textile for the meeting along with Line Ministries.

Various leading Indian Institutes including IITs, Government Organizations, and Eminent Industrialists, among others participated in the session which cleared projects strategic for the development of Indian economy and a step in the direction of Atmanirbhar Bharat, especially in the Healthcare, Industrial and Protective, Energy Storage, Agriculture and Infrastructure. (KNN Bureau)