Bhubaneswar, Feb. 26 -- New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved setting up of a National Technical Textiles Mission with an outlay of Rs 1,480 crore for four year implementation period in line with the announcement made in Budget 2020 presented earlier this month.

Making announcement following the CCEA meeting chaired by Prime Minister Narendra Modi, Textile Minister Smriti Irani said the idea behind the mission is to integrate technology and manufacturing.

The Minister said that the step would position the country as a global leader in technical textiles and that the goal was to be self-dependent in this field to nullify the trade deficit in the area which was already declining.

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