The government plans to encourage companies to produce geo and technical textiles through the textile technology mission scheme. The aim is to promote its ‘Make in India’ initiative by way of enhancing capital subsidies to procure textiles machineries which are largely imported.
It is likely to make use of geo and technical textiles mandatory in sectors such as construction of roads, ports, airports, canals, dams as also in defence and railways to propagate their applications and to restrict such imports to enhance domestic production, points out Textile Commissioner, Kiran Soni Gupta, while speaking at a seminar on 'Geo Textiles' under aegis of PHD Chamber of Commerce and Industry.
Soni informs capital subsidies for obtaining textiles machineries could also be increased along with the interest subsidy expansion since states like Rajasthan, Maharashtra and Tamil Nadu make a significant contribution on the geo and technical textile manufacturing front. PHD Chamber plans to open a ‘Startups Cell’ to support, fund and guide the young entrepreneurs in the field of their choice including technical and geo textiles segments.
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