NTTM to position India as global leader in Technical Textiles, says Minister
The next textile sector Unicorn should come from the Institute of Chemical Technology (ICT), said Commerce and Industry Minister Piyush Goyal, calling on ICT students to take leadership role in Tex-preneurship, the Textiles sector entrepreneurship.
Addressing the e-Summit 2022 of the Institute of Chemical Technology, Mumbai, on 13 Mar 2022, he noted that the ICT has one of India’s best Fibres & Textile technology department in the country and a distinguished alumni like Mukesh Ambani of Reliance Industries, Indravadan Modi of Cadila Pharmaceuticals, Nilesh Gupta of Lupin Limited and Ashwin Dani of Asian Paints, he added.
“They have played an important role in making India Aatmanirbhar, particularly in the Chemicals and Pharma sectors. It is unbelievable how one institute can shape a whole sector.
“In fact, in some sense, the ICT is to the Chemicals industry what very highly reputed Ivy league colleges are to the technology world or management world across nations. And I do believe each one of your students has a responsibility to carry this legacy forward!” Goyal said in his address delivered over video conference.
The Minister also assured that the Government, while working as an enabler, has taken transformational initiatives to promote the Textiles sector, including the Production Linked Incentive (PLI) and setting up of 7 Mega Textile Parks.
The Government has also launched the National Technical Textiles Mission (NTTM) to position India as global leader in Technical Textiles and approved 31 projects.
“We are taking great leaps in innovation, Research & Development is finally being recognised as an important element for developing or progressing the country into the New Age. And I suspect nobody today is satisfied with incremental change, incremental improvement; we are all looking at orbital shift in the way we live in our world,” he said.
The Minister said India has become a global leader in digital transactions within 5 years of UPI launch. We have the 3rd largest Startup ecosystem today, over 65,000 Startups registered in five years, more than 90 Unicorns and lakhs of jobs created by these Startups. fiinews.com
