200 Crore mission for technical textiles soon
Friday, 19 November 2010, 06:56 IST
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New Delhi: The government is set to launch Rs 200 crore mission for promotion of technical textiles, while the Finance Ministry has cleared setting up of four new research centres for the industry, which include products like mosquito and fishing nets, shoe laces and medical gloves. The Technology Mission would unleash investments in the technical industry, Textiles Secretary Rita Menon said at a Ficci event here. She said the mission would address the problems faced by the industry in terms of lack of basic infrastructure, technology, skilled manpower, R&D support, training facilities and laying down of regulations. The Finance Ministry has already cleared an investment of about Rs 95 crore for setting up four new 'centres of excellence' for the technical textiles. "The Technology Mission on Technical Textile has received approval from Ministry of Textiles.
Source: PTI
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