NTC to make technical textiles

The National Textiles Corporation on Tuesday said it will invest Rs 425 crore in association with a joint venture partner for manufacture of technical textiles. “We plan to diversify into technical textiles space. This is an emerging sector. We will rope in a global firm that will provide technology to the venture and help market the produce,” the NTC Chairman and Managing Director, Mr K. Ramachandran Pillai, told PTI. NTC would offer a minority stake to the proposed joint venture partner. Having a wide array of applications, it is used in automotive applications, medical textiles, geo-textiles and agro-textiles among others.