The Ministry of Textiles has approved the startups in Technical Textiles to boost innovation and sustainability and to foster transformative developments that will shape the industry’s future. Secretary of the Ministry of Textiles Rachna Shah has said this while chairing the 7th meeting of the Empowered Programme Committee of the National Technical Textiles Mission in New Delhi today. She said, the National Technical Textiles Mission’s Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles encourages young innovators, scientists, technologists, and startup ventures in the field of Technical Textiles to translate their ideas into commercial products and make India self-reliant. It supports individual entrepreneurs or start-ups for functional prototypes or commercialization of their technologies for Technical Textiles.
The Empowered Programme Committee has approved 7 startup proposals under the GREAT scheme. The Government is providing a maximum fund support of Rs 50 lakhs per startup. As of date, 8 startup proposals have been approved under NTTM, focusing on sustainability, composites, high-performance textiles, Meditech, and smart textiles, driving significant advancements in these crucial areas.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).