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National Technical Textiles Mission (NTTM):
The mission comprises four key components: Component I – Research, Innovation, and Development: This component has a budget allocation of Rs. 1,000 Crores and focuses on two key areas:
Component II – Promotion and Market Development: It aims to increase the domestic market size to 40-50 billion USD by 2024 with an average growth rate of 15% to 20% per annum. Component III – Export Promotion: It also intends to achieve a 10% annual increase in export growth up to 2023-24. Component IV – Education, Training, Skill Development: It aims to create a highly skilled workforce to support the mission’s requirements. |
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Source: The Hindu
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