Business

Special Funds Allocated To Set Up Incubation Centres For Technical Textiles

The Union Government allocated Rs.17.40 million this financial year for setting up incubation centres for technical textiles, Kavita Gupta, Textile Commissioner, confirmed just before we were drawing close to 2015.

Inaugurating the joint technological conference of textile research associations, she said the incubation centres will have plug and play facilities and all the eight Centres of Excellence for technical textiles have established the centres. The Ministry has allocated Rs.152 million under the Technology Mission for Technical Textiles for the eight centres of excellence and 76 percent of the funds have been utilised. The Centres have facilities for research and development, testing, standardising products and commercial production at the incubation facilities.

Kavita Gupta later informed that cotton production in 2015-2016 (October to September) is expected to be 365 lakh bales as against 380 lakh bales. The yield is seen to be improving although there is a decline in area covered under cotton.