First Solar Powered Textile mill in Asia to come up in Parbhani district, Maharashtra

On November 17, 2020, the chairman of Jai Bhawani Women cooperative textile mill announced that the mill will soon operate on solar power. With this, the mill will become the first Solar Power enabled textile mill in Asia. The mill is located in Parbhani district of Maharashtra. Key Highlights The mill is spread across 30 ..

Month: Current Affairs - November, 2020

Category: Economy & Banking Current Affairs

Topics: India solar energy • Ministry of Textiles • Powerlooms Sector • Solar Energy • Solar Energy Scheme for Power looms • Solar power • Textile • Textiles

Yarn Bank Scheme

The Ministry of Textiles, Government of India had launched a Yarn Bank Scheme as one of the components of PowerTex India scheme with an aim to avoid fluctuation in yarn price. Objectives of the Scheme The objectives of the Yarn Bank Scheme are: To provide interest-free corpus fund to Special Purpose Vehicle (SPV) or Consortium ..

Month: Current Affairs - January, 2019

Topics: Ministry of Textiles • Power loom • PowerTex India • Solar Energy Scheme for Power looms • Tex Venture Capital Fund • Yarn Bank Scheme