Union Minister of Commerce & Industry, and Textiles, Piyush Goyal has said the next textile sector Unicorn should come from the Institute of Chemical Technology (ICT), Mumbai.
While addressing the e-Summit 2022 of the Institute of Chemical Technology, Mumbai on Atmanirbhar Renaissance, he called upon the ICT students to take the leadership in Tex-preneurship, the Textiles sector entrepreneurship.
The Minister said the ICT has one of India’s best fibres & textile technology department in the country. The ICT has a distinguished alumni that include the likes of Mukesh Ambani of Reliance Industries, Indravadan Modi of Cadila Pharmaceuticals, Nilesh Gupta of Lupin Limited and Ashwin Dani of Asian Paints.
He said that the Government is working as an enabler and has taken transformational initiatives to promote the textiles sector, including the PLI, setting up of 7 Mega Textile Parks, launching the National Technical Textiles Mission (NTTM) to position India as a global leader in Technical Textiles,addingthat 31 projects have been already approved.
“We are taking great leaps in innovation, R&D is finally being recognised as an important element for developing or progressing the country into the New Age. And I suspect nobody today is satisfied with incremental change, incremental improvement; we are all looking at an orbital shift in the way we live in our world,” he said.
He also said we need businesses to improve their product cycles, innovate future-ready solutions and continuously focus on business process re-engineering.
Bharat Tex Special Report 2026 
