Bengaluru, December 9, 2015: A tripartite Memorandum of Understanding (MoU) has been signed today, among Ministry of Micro, Small & Medium Enterprises (MSME),Ministry of Textiles & 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. Shri Kalraj Mishra, Union Minister of MSME; Shri Santosh Kumar Gangwar, Minister of State for Textiles (I/C), and Mr. Murli Manohar Joshi, M.P. from Kanpur were present on the occasion.
Management will be through a Governing Council where Development Commissioner, MSME will be Chairman and Ministry of Textiles representative, co-chair.
The Technology Centre would provide support in manufacturing of quality tools that would improve productivity of MSMEs and enable them to become competitive in national and international markets; it would also provide trained manpower and consultancy in related areas. Since National Textile Corporation is moving forward towards modernization, expansion and integration, the setting up of the Technology Centres would be immensely beneficial to NTC as well.
Corporate Comm India(CCI Newswire)
