Chairman Texprocil Appreciates Initiative SAATHI

India News

Chairman Texprocil Appreciates Initiative SAATHI


November 14, 2017



Chairman Texprocil (Textile Export Promotion Council), UjwalLahoti has welcomed the new initiative of the Ministries of Textiles and Power called SAATHI, which is an acronym for the Sustainable and Accelerated Adoption of efficient Textile technologies to help small Industries.The initiative is expected to benefit the almost 25 lakh power-loom units in the country which produce 57% of the total cloth in the country. The use of efficient equipment would result in energy savings and cost savings to the unit owner who would, in turn, repay in installments to EESL (Energy Efficient Services Limited) over a four to five year period. The provision to repay in installments is being seen as a good idea as it will not cast undue burden on the small power-loom owners since they will not be required to incur any additional capital expenditure.