financetom
Business
financetom
/
Business
/
Ministry of Textiles approves 18 R&D projects worth Rs 46.74 crore for Technical Textiles
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ministry of Textiles approves 18 R&D projects worth Rs 46.74 crore for Technical Textiles
Sep 28, 2023 12:17 PM

The Ministry of Textiles on Thursday, September 28, approved 18 R&D projects worth Rs. 46.74 crores across key strategic areas of Geotech, Protech, Indutech, Sustainable Textiles, Sportech, Smart E-Textiles and Meditech segments during the 7th MSG (Mission Steering Group) meeting.

Share Market Live

NSE

According to the official statement, among these 18 R&D projects, 14 are high value projects, 3 are prototype grant projects and 1 is an ideation grant project.

The projects cover different application areas of technical textiles including a project each of Geotech & Geotextiles, 2 each of Protech, Indutech & Sportech, 3 each of Meditech, Smart & e-textiles and 5 projects of sustainable textiles. The approved projects were led by institutes and research bodies including BTRA, ATIRA, IIT Delhi, IIT Jammu, NIT Jalandhar, IIT Kharagpur, CSIR New Delhi, IIT Madras, among others.

While chairing the 7th MSG meeting of the National Technical Textiles Mission in New Delhi today, Union Minister for Textiles Piyush Goyal said that the industry's pro-active and robust engagement is essential for the indigenous development of technical textiles in India.

Emphasising on R&D for highly imported technical textiles items globally, apart from import-dependent technical textiles items and specialty fibres in India, the Union Minister reviewed the progress of different components of the National Technical Textiles Mission. This included a review of sanctioned R&D products, R&D projects in mission mode, formation of a committee for Startups in technical textiles under GREAT guidelines, outreach activities and events including the 6th Edition of the MOT-FICCI-BIS National conclave on Standards & Regulations and Meditex conference in July and September 2023 respectively.

He also reviewed progress on the education, training & skill development front where 26 applications from 15 public and 11 private institutes valued at Rs 151.02 crores were approved for introducing papers, procuring laboratory infrastructure and training of trainers across different application areas of technical textiles.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Disney shareholders back CEO Iger and sitting directors, defeating activists' campaign
Disney shareholders back CEO Iger and sitting directors, defeating activists' campaign
Apr 3, 2024
Apr 3 (Reuters) - Walt Disney ( DIS ) shareholders have backed Chief Executive Bob Iger and other company directors, ending a multimillion-dollar mud-slinging battle launched by activist investors Trian Fund Management and Blackwells Capital. The vote to re-elect all 12 of Disney's ( DIS ) current board members, announced at the company's annual shareholder meeting on Wednesday, defeated the...
BRIEF-Jesmond Capital Says Pursuant To Deal To Acquire Quattro Energy Limited, Co Agreed With Quattro To Terminate Proposed Transaction In It's Current Form
BRIEF-Jesmond Capital Says Pursuant To Deal To Acquire Quattro Energy Limited, Co Agreed With Quattro To Terminate Proposed Transaction In It's Current Form
Apr 3, 2024
April 3 (Reuters) - Jesmond Capital Ltd: * JESMOND CAPITAL - PURSUANT TO DEAL TO ACQUIRE QUATTRO ENERGY LIMITED, CO AGREED WITH QUATTRO TO TERMINATE PROPOSED TRANSACTION IN IT'S CURRENT FORM Source text for Eikon: Further company coverage: ...
BRIEF-Redstone, Skydance Strike Tentative Deal For Paramount Stake - Bloomberg News
BRIEF-Redstone, Skydance Strike Tentative Deal For Paramount Stake - Bloomberg News
Apr 3, 2024
April 3 (Reuters) - * REDSTONE, SKYDANCE STRIKE TENTATIVE DEAL FOR PARAMOUNT STAKE - BLOOMBERG NEWS Source text : https://tinyurl.com/229fs9lk ...
Redstone, Skydance strike tentative deal for Paramount stake, Bloomberg News reports
Redstone, Skydance strike tentative deal for Paramount stake, Bloomberg News reports
Apr 3, 2024
(Reuters) -Shari Redstone, the controlling shareholder of TV giant Paramount Global ( PARAA ), has reached a tentative agreement to sell her stake in the company to David Ellison's Skydance Media, Bloomberg News reported on Wednesday citing people familiar with the matter. Skydance is holding exclusive talks with a panel of independent directors at Paramount as part of a provisional...
Copyright 2023-2026 - www.financetom.com All Rights Reserved