Some Successful Projects
Textile units, mostly small and medium, are struggling to raise working capital owing to weak balance sheets. Many of them had shut down part of their operating capacity due to weak demand from domestic markets and sharp fall in exports. Energy accounts for nearly half the production cost in the textile value chain. While spinning mills across India are struggling to pass on the elevated cotton prices to consumers, textile manufacturers are facing falling exports. The ongoing economic slowdown in the country has lowered the domestic demand of fabric and readymade garments, resulting in a continuous squeeze in profit margins.
“We have started releasing up to Rs 3.77 per unit of power subsidy to powerlooms and also to other units in the textile value chain as announced by the government. The release of funds would certainly benefit textile and garment units in the state,” said Madhvi Khode Chaware, commissioner of textiles, Government of Maharashtra, on the sidelines of a garment and fabric manufacturers’ fair.
Embedded Creation, Nagpur has developed the portal for online registration of all textile units as per directions and guidelines from commissionerate of textile, Nagpur. The registration process enables these textile units to avail the necessary electrical subsidy.
Achievements
1. The web portal www.dirtexmah.gov.in launched by Hon. Chief Minister, Government of Maharashtra, Shri Devendra Fadnavis from Mumbai in a mega event titled Vastray 2019.
2. Textile units across Maharashtra used this portal for registration process and more than 7000 units have registered till now.