The South India Textile Research Association Textiles planned on a modern textile research association. The foundation stone was laid on 25 December 1955 by Prime Minister of India, Pandit Jawaharlal Nehru and inaugurated by President of India Sarvepalli Radhakrishnan on 13 October 1958. The first chairman was R. K. Shanmugan Chettiar, also India's first Finance Minister. Padmabushan Kasturi Sreenivasan, who was the Director from 1955 till 1982 was instrumental in establishing SITRA as a major research institute and would later become chairman of National Textile Corporation. The institute is located on Avinashi Road, Peelamedu, Coimbatore near the Airport. The research center is governed by a Council
Prime Minister of India pension of per month, plus—if he/she served as an MP for more than five years— for every year served. The prime minister presides over various funds. The National Defence Fund (NDF) was set up the Indian government in 1962, in the aftermath of 1962 Sino-Indian War. The prime minister acts as chairperson of the fund's executive committee, while, the ministers of defence, finance and home act as the members of the executive committee, the finance minister also acts the treasurer of the committee. The secretary of the fund's executive committee is a joint secretary in the Prime Minister's Office, dealing