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Textile ministry to introduce venture capital fund to support start-up entrepreneurs

Related Keywords: initial fund of 35 crore, Integrated Processing Development Scheme, integrated textile parks, launch, Minister of state for textiles, Santosh Gangwar, SIDBI, start up entrepreneurs, Tex-Venture Capital fund, textile ministry of India, venture capital fund

Minister of State (Independent Charge) for Textiles, Santosh Gangwar, at the annual conference of State textiles ministers held yesterday announced that the Textile Ministry plans to launch a venture capital fund with an initial corpus of Rs.35 crore in association with the Small Industries Development Bank of India (SIDBI) to support start-up entrepreneurs in the sector.

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