NTTM likely to be extended for two years

NTTM likely to be extended for two years

Business


The National Technical Textiles Mission (NTTM) that was launched by the Ministry of Textiles in 2020 with ₹1,480 crore total funding and end in March 2026 is likely to be extended by two years.

An official said that with nearly 50 % of the funds used so far, the Mission is expected to be extended by two years. The Mission has four components – research, innovation, and development; market development, export promotion, and education and training. “A clarity in this regard is expected in the Union budget,” said a representative of the textile industry.

eom/msp



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