Govt approves National Technical Textiles Mission with Rs 1,480 cr outlay
NEW DELHI: The Cabinet Committee on Economic Affairs on Wednesday approved setting up of National Technical Textiles Mission which aims at positioning India as a global leader in technical textiles.
The mission, announced in this year’s Union Budget, will have an outlay of ?1,480 crore and have an implementation period of four years—2020-21 to 2023-24.
The Cabinet also approved all recommendations of the standing committee on the Surrogacy Regulation Bill, 2019, exemption of India Ports Global Ltd (IPGL) from the Department of Public Enterprises (DPE) guidelines, except reservation and vigilance policies, for speedier development of Iran’s Chabahar Port and issuance of an order for adaptation of central Acts in the Union territory of Jammu and Kashmir under Section 96 of the Jammu and Kashmir Reorganisation Act, 2019.
According to Union minister Prakash Javadekar, the cabinet also granted the status of institute of national importance to the National importance to the National Institute of Food Technology and the Food Processing Institute.
The National Technical Textiles Mission will have four components — research, innovation and development, promotion and market development, export promotion and education, and training and skill development. The focus will be on usage of technical textiles in key flagship missions and programmes of the country, including in the strategic sectors of agriculture, defence, water and infrastructure. India has nearly 6% share of $250 billion global technical textiles market. However, the annual average growth of the segment in India is 12% as compared with world average growth of 4%.