The Union Ministry of Textiles, Union Ministry of Micro, Small and Medium Enterprises (MSME) and National Textile Corporation (NTC) signed Memorandum of Understanding (MoU) to set up a Technology Centre at Kanpur.
Highlights of the MoU:
• Under the MoU, Ministry of MSME will fund the project, while NTC will provide the land in a closed unviable mill.
• Management will be through a Governing Council where Development Commissioner of MSME will be Chairman and Ministry of Textiles representative will be the co-chairman.
• The Ministry of Textiles will skill the youth in textile sector, thus, providing requisite skilled manpower to the textile industry.
• The Centre will provide support in manufacturing of quality tools that will improve productivity of MSMEs and enable them to become competitive in national & international markets.
• It will also provide trained manpower & consultancy in related areas.
Union Government & National Textile Corporation signed MoU for establishing a Technology Centre at Kanpur
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