WOOL INNOVATION CENTRE ON THE ANVIL
AT NIFT
India-Australia Joint
Business Group (JBG) on Natural Fibre and Textiles has agreed
to work towards setting up of a Wool Innovation Centre in the
National Institute of Fashion Technology (NIFT) for providing
fashion product and market development information and training
in selected wool clusters. The Joint Business Group which met
here also decided to increase the information flow, control price
volatility in raw wool and ensure timeliness of supply. Australia
will also take steps to develop a business-to-business exchange
for raw wool.
Both countries
also agreed to work together to draw up collaborative project
for setting up of Early Stage Processing and Wool Technology Training
and Quality Assurance Systems at the Wool Research Association
(WRA) of India. Both sides also agreed for starting a project
for yarn prediction technologies for wool-cotton blends that would
lead to greater productivities of short-staple spinning units
and to innovate yarns and fabrics.
The JBG also
agreed that India should develop a road map for a pilot study
for creating quality technology and financial database for woolen
knit and woven units in selected clusters.
