New Delhi, Dec 13: The Union Cabinet today gave its ex post facto approval for setting up of the Sardar Vallabhbhai Patel Institute of Textiles Management (SVPITM), Coimbatore with a plan support of Rs. 29 crore (Rs. 290 million) during the 11th Five Year Plan.

The Institute would be a centre of excellence in the field of textiles management and research studies.

"This decision would enable the institute to have infrastructural facilities, namely purchase of land, administrative block, hostels, canteen, computer labs, computers and software and teaching aids at a cost of Rs. 18 crores (Rs 180 million), " a Cabinet release said. (ANI)