Cloth, drug from banana plant: Firm to do Rs 400 crore research project in Tamil Nadu

By: |
January 24, 2021 7:55 PM

Once the project turns successful, the income of the banana-growers would be doubled, Palaniswami said.

banana plant useBanana plant, Representational image/Pixabay

The Tamil Nadu government has entrusted a private firm with a Rs 400-crore research project for manufacturing textiles and medicine from banana fibre and stem, Chief Minister of the state K Palaniswami said on Sunday.

Addressing an election campaign in Mettupalayam, a major banana cultivation area in the district, he said former
director of ISRO Mayilsamy Annadurai had detailed about the utility of the fibre in making dhotis and shirts, and the stem to make medicines.

Once the project turns successful, the income of the banana-growers would be doubled, Palaniswami said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1IndiGo rolls out discount for vaccinated flyers; Here’s how you can avail it
2Myths and facts associated with women’s age in IVF treatment
3Tamil Nadu e-registration: All you need to know about new lockdown relaxations