The Union Ministries of Power and Textiles on 24 October 2017 jointly launched an initiative 'SAATHI' (Sustainable and Accelerated Adoption of efficient Textile technologies to Help small Industries).
Under this initiative, Energy Efficiency Services Limited (EESL), a public sector entity under the Union Ministry of Power, will acquire energy efficient Powerlooms, motors and Rapier kits in bulk and provide them to the small and medium Powerloom units.
This aggregation, bulk procurement and financing model that EESL has earlier deployed in several sectors like LED bulbs, Smart Meters and Electric Vehicles.
Highlights of the 'SAATHI' Initiative
• The 'SAATHI' initiative of the Government will be jointly implemented by EESL and the office of the Textile Commissioner on a pan-India basis.
• Initially, cluster wise demonstration projects and workshops will be organized in key clusters such as Erode, Surat, Ichalkaranji, etc.
• The use of efficient equipment will result in energy savings and cost savings to the unit owner who can repay in installments to EESL over a 4 to 5 year period.
• It will 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.
When: 24 October 2017