New Delhi: A tripartite Memorandum of Understanding has been signed between State Bank of India, Indira Gandhi Centre for the Arts and National Culture Fund for Development of Atmanirbhar Bharat Centre for Design at L1 Barrack, Red Fort, Delhi.

Atmanirbhar Bharat Centre of Design (ABCD) project aims to highlight, promote and celebrate the products that have the Geographical Indication sign, as it signifies a specific geographic origin infused with unique features of that region. Through this initiative, Economic Value Addition to GI products is envisioned and can pave the way for GI products from India towards a success story of Atmanirbhar Bharat.

Aptly called Atma Nirbhar Bharat Centre for Design, this centre will not only exemplify the most rare and unique crafts of India, but will also provide a collaborative space between skilled workers and the designers to enable design interventions in sync with an exclusive and niche market for the artefacts produced at the Red Fort.

Ministry of Culture through National Culture Fund, a trust notified on 28th November, 1996 under charitable Endowments Acts, 1890 has a primary mandate to nurture and establish partnerships in the field of heritage and mobilize resources for the restoration and protection of tangible and intangible heritage. All contributions to NCF are given 100 per cent tax exemption under Section 80G (2) of the Income Tax Act of 1961. /BI/