New Delhi, Sep 10 - The Sardar Vallabhbhai Patel Institute of Textile Management in Coimbatore will be upgraded and renamed Indian School of Textiles, the government announced Thursday.

'The school will engage itself in research and will also undertake comprehensive consultancy services for the industry,' Textiles Minister Dayanidhi Maran told reporters here.

He did not say when the upgrading would be complete or the institute become operational.

The government also plans to build capacities for environment and social compliance with a view to capture overseas markets and meet global environmental standards.

All this, Maran said, was part of the ministry's agenda for the coming 265 days.