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Indian Government To Release Norms To Support Innovation By Start-Ups In Technical Textiles

Rachna Shah, secretary in the Textiles Ministry, said that she is hopeful that the norms will be unveiled in a month's time

Indian Government To Release Norms To Support Innovation By Start-Ups In Technical Textiles

Press Trust Of India

POSTED ON January 05, 2023 5:26 PM

The government will soon release guidelines to support startups interested in undertaking research and innovation in the technical textiles segment and is contemplating a grant of up to Rs 50 lakh for approved proposals, a top official said on Thursday. 

Responding to a query by PTI, secretary of the Textiles Ministry Rachna Shah said that she is hopeful that the norms will be unveiled in a month's time. 

"We would have an evaluation committee which would decide on approving a grant for that, so the grant would be up to Rs 50 lakh, that is what we are looking at," Shah said.

Hopefully, within a month or so, we will be able to have the guidelines, she added.

Addressing a press briefing, the secretary informed that the government is looking at measures to cut India's heavy import dependence on machinery and specialty fibre for the technical textiles sector.

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