Innovation Current Affairs - 2020

National Technical Textiles Mission approved by Cabinet Committee on Economic Affairs

On February 26, 2020, the Cabinet Committee on Economic Affairs approved the National Technical Textiles Mission. The mission has been allocated Rs 1,480 crores. The aim of the mission is to make India a global leader in Technical Textiles.

Highlights

The Mission is to be implemented in India for 4 years, that is, between 2020-21 and 2023-24. There are 4 components of the mission as follows

  • Research, Innovation and Development
    • This component has been allocated Rs 1,000 crores. It aims to boost research at fibre level. Under the component the focus is to be on Aramid Fibre, Carbon Fibre, Composites and Nylon Fibre.
  • Promotion and Market Development
    • The Indian Textiles Market contribute 6% of the global technical textiles. The Indian Technical Textiles market is estimated to be 16 billion USD and the global market is 250 billion USD.
    • Under this component, the mission is to work towards taking the Indian Technical Textiles market to 40 to 50 billion USD by 2024.
    • The above goal is to be achieved by international technical collaboration, market promotion and investment promotion.
  • Export Promotion
  • Education, Training and Skill Development

Significance

It is important to develop National Technical Textiles Mission because they are used in roads. Agriculture, sportswear, railway tracks and space applications.

ELECRAMA-Indian Electrical Industry Showcase inaugurated

On January 18, 2020, the ELECRAMA 2020 was held in Noida. The event showcases innovations and achievements of Indian Electrical Industry

Significance

The “ELECRAMA” platform is organized by Indian Electrical and Electronics Manufacturers’ Association (IEEMA). It is supported by other ministries such as ministry of renewable energy, power, MSME (Micro Small and Medium Enterprises). It acts a platform to connect Indian industries with the world. The event also helps the world leaders share their ideas and develop cost effective solutions.

About the event

The ELECRAMA is one of the flagship events of Indian electrical industry. It brings complete package of solutions to every power problem. It includes transmission, generation, distribution, renewables, power electronics, electro mobility, power storage and automation.

Bottom line the event is important to develop the electrical energy sector in India.

Electrical Energy in India

India is the third largest producer and consumer of electricity. The National Grid of the country has the capacity of 368.79 GW as of December 2019. Of this 41.16% is used for industrial purposes, 24.76% is used for residential purposes, 17.69% is used for agricultural purposes and commercial sector consumes 8.24% of the total electrical energy generated in the country.

Of the 368.79 GW, the private sector production is 46%.

The above data was provided by Ministry of Power.