MoU signed between Ministry of MSME & Ministry of Textiles
A tripartite Memorandum of Understanding (MoU) has been signed among Ministry of Textiles, Ministry of Micro, Small & Medium Enterprises (MSME) & National Textile Corporation (NTC) in order to set up a Technology Centre (Tool Room) at Kanpur. Under the MoU, Ministry of MSME will fund the project, while NTC would provide the land in a closed, unviable mill.
Management will be through a Governing Council where Development Commissioner, MSME will be Chairman and Ministry of Textiles representative, co-chair.
Benefits to Ministry of Textiles include, among others, skilling of youth in textile sector, thus, providing requisite skilled manpower to the textile industry. Read More