New Delhi India August 29 ANI The Ministry of Textiles has decided to provide grant-in-aid of up to Rs 50 lakhs for up to a period of 18 months to aspiring innovators in technical textiles space, Rajeev Saxena, joint secretary textiles, told a press conference held here on Tuesday.
Technical textiles are known as textile materials and products used mainly for their technical performance in various high-end industries.
The Ministry of Textiles has approved the Startup Guidelines for Technology Textiles - Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles GREAT. The GATE Guidelines provide thrust in technical textiles application areas such as agro-textiles, building textiles, geo-textiles, home textiles, medical textiles, mobile textiles, packaging & textiles, protective textiles, sports textiles, among others.
To encourage the incubators, the ministry also provides 10 percent of the total grant-in-aid.
It also commended 26 institutes for upgrading their laboratory infrastructure and training trainers in technical textiles applications, the ministry said.
The ministry has approved the applications of 26 institutions for development and introduction of technical textile courses papers in key departments specializations as well as introducing new degree programme in technical textiles, the ministry said in a statement.
A total value of Rs 151.02 crore has been approved, wherein 15 applications valuing Rs 105.55 crore are from public institutes and 11 applications valuing Rs 45.47 crore are from private institutes.