India-based textile manufacturer, Century Textile and Industries Ltd., is hosting a workshop – “Digital Week – Cashless Transaction” so as to exhort its workers to make cashless payments, better understand digital modes of payments, and overcome cash crunch during demonetisation.
A statement issued by the company read, “We have organised Digital India Workshop from December 13-17 at our Jhagadia unit in Gujrat in collaboration with State Bank of India and HDFC Bank. The purpose is to empower workers to make cashless transactions using electronic devices and channels. It is a first of its kind organised in Indian textile industry,”
Also Read – Century Textiles reported a profit of Rs 1.58 crore
R K Dalmia, President of the company said, “To take this initiative step ahead, we will train and educate each and every workman and staff for cashless transactions with the help of our bankers. Within next six months, all the 1,500 workmen and 230 staff will be tech savvy and will do cashless transactions.”
The company had earlier taken an initiative in 2011 for their Bharuch Plant when they opened bank accounts of their workers and since then wages are being deposited directly in worker’s individual account.
