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Ministries of Power & Textiles join hands under new initiative SAATHI
October 25 , 2017
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- Ministries of Power and Textiles have joined hands under a new initiative SAATHI (Sustainable and Accelerated Adoption of efficient Textile technologies to Help Small Industries).
- Under this initiative, Energy Efficiency Services Limited (EESL), a PSU under the Ministry of Power, would procure energy efficient Powerlooms, motors and Rapier kits in bulk and provide them to the small and medium Powerloom units at no upfront cost.
- The initiative of the Government will be jointly implemented by EESL and the office of the Textile Commissioner on a pan-India basis.
- The use of these efficient equipment would result in energy savings and cost savings to the unit.
- The aggregation of demand and bulk procurement will also lead to reduction in capital cost, benefits of which will be passed on to the Powerloom units so that their repayment amount and period would reduce.
- The Powerloom sector in India is predominantly an unorganized sector and has a large number of micro and small units which produce 57 percent of the total cloth in the country.
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