29/10/2017 534 Geography | Industry | View Recent Current Affairs
- The Ministry of Power along with the Ministry of Textiles have launched its new initiative named Sustainable and Accelerated Adoption of efficient Textile technologies to help small Industries.
- 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. Most of Powerloom units in this country, use obsolete technology.
- Upgradation of Powerlooms as part of Power Tex India will lead to higher productivity, better quality and more than 50 percent additional value realisation.
- Under the initiative, Energy Efficiency Services Limited (EESL), a public sector entity under the administrative control of Ministry of Power, would procure energy efficient powerlooms, motors and repair kits in bulk and provide them to the small and medium powerloom units at no upfront cost.
- The SAATHI initiative of the Government will be jointly implemented by EESL and the office of the Textile Commissioner on a pan-India basis.
- There will be cluster wise demonstration projects and workshops in key clusters such as Erode, Surat.
- The government expects that the efficient equipment would result in energy savings and cost savings to the unit and the unit would repay in installments to EESL over a 4 to 5 year period.
- Unit owner neither has to allocate any upfront capital cost to procure these equipment nor does it have to allocate additional expenditure for repayment as the repayments to EESL are made from the savings that accrue as a result of higher efficiency equipment and cost savings.