The grant will be garnered to areas in technical textiles including agro-textiles, building textiles, geo textiles, home textiles, medical textiles, mobile textiles, packaging textiles, protective textiles and sports textiles.
The startup guidelines (GREAT) is aimed at providing the much needed impetus for the development of technical textiles startup ecosystem in India, especially in niche sub-segments such as bio-degradable and sustainable textiles, high-performance and specialty fibres, smart textiles, among others.
Although this might not help Garware Technical Fibres directly given that it’s not a startup, its great to understand that the government has realized the potential of technical textiles. Such innovation push will surely increase the addressable market size which will ultimately help established companies.
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