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Textiles ministry launches several initiatives for industry development

The Union textiles ministry released HSN codes for technical textiles that is expected to act as a catalyst for achieving the market size of up to Rs 2 lakh crore by 2020-21. These are expected to benefit 900 million farmers in the country. The ministry has also set up Focus Incubation Centers to help the potential investors to enter into technical textiles. It has undertaken 40 geo textile projects for roads, water reservoirs and ensured that farmers embrace agro tech at 54 agro tech demonstration centre and distribute kits, which basically tells them how to use agro tech in their day-to-day working across the country.

The ministry had also constituted a committee under V K Saraswat to give recommendation on research and development plan for the future growth of technical textile and is specially preparing a way forward for high perform ace specialty fibers in India.

 

 
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