🚀🇮🇳 India's gov is sprinkling some funding magic on tech textile startups! Under the NTTM, 7 lucky startups are getting INR 50 Lakh each. Talk about a cash injection! 💉💰

This isn't just about money, it's about fostering innovation & sustainability in areas like smart textiles & meditech. 🧪🧵

The EPC of the NTTM is also giving INR 6.4 Cr to IIT Guwahati for a tech textiles upgrade. 🏛️💡

And the criteria to get in on this? Startups must be private limited companies, partnership firms, or LLPs with a turnover below INR 100 Cr. They should focus on innovating and enhancing existing products, with an emphasis on job creation. 🏢👩‍💼

The Ministry of Textiles will allocate 10% of the grant-in-aid to incubators, further supporting innovation in the sector. 🐣🔬

This move is all about boosting local manufacturing, positioning India as a hub for cutting-edge technical textiles, and empowering the next generation of textile innovators. 🇮🇳🚀

What do you think about this initiative? Will it weave a new future for Indian textiles? Comment below! 👇😉 #DeFi #Web3 #TechNews