Home / Knowledge / News / Textiles / Lifting of power holidays a boon for TN textile sector
Lifting of power holidays a boon for TN textile sector
04
Jun '12
Acute power shortage in Tamil Nadu became a major setback for the HT industries particularly the textile industry which accounts for one third of the textile business, 47 percentage of spinning capacity, fetching over Rs.50,000 crores forex and providing direct jobs to over 50 lakh rural people and women.

The textile industry had to face the worst ever crisis in its history during the last one year due to the high volatility in cotton and yarn prices coupled with global and domestic market slow down. Recently, the centre has announced a debt restructuring package of Rs.35,000 crores consequent to the concerted efforts made by The Southern India Mills Association to avoid large scale NPAs and sustain the survival of the mother industry in the country which provide direct and indirect jobs to over 90 million people in the country.

In a press release, Mr S Dinakaran, Chairman, The Southern India Mills' Association (SIMA) has profusely thanked the Hon'ble Chief Minister of Tamil Nadu for taking aggressive steps to mitigate the power crisis in Tamil Nadu and partially relaxing the R&C Measures. Mr Dinakaran has also thanked the Hon'ble Chief Minister for personally writing to the Hon'ble Prime Minister recommending the debt restructuring package to revive industry from the recession.

Mr Dinakaran has stated that the State had to face severe challenges due to poor maintenance and frequent break down of the power stations, delay in executing the new power plants, poor central allocation of power, corridor congestion, reduction of power frequency tolerance by the CERC, etc. He has highly appreciated the proactive measures taken and marvellous achievements made on power front by the Hon'ble Chief Minister.

SIMA Chairman has stated that the removal of both the power holidays and reduction of load shedding to three hours would enable the industry to improve the capacity utilisation substantially and also reduce the consumption of high cost diesel power and third party power, besides providing continuous employment to the workers. He has added that over 75 percent of the wind mills installed in the State belong to the textile industry, the single largest consumer of TANGEDCO and the wind power has been helping the industries in the State to sustain the competitiveness.

SIMA Chief has appealed to the Hon'ble Chief Minister to make necessary arrangements to ensure proper evacuation of entire wind power, to the tune of 3500 MW during the wind season and avoid any blackout to improve power supply position and also to sustain the viability of the wind mills.

Mr Dinakaran has appealed to the Hon'ble CM relaxing the power cut during night hours and also during the peak hours taking advantage of the wind power which would augment the revenue to the ailing TANGEDCO and also the industries.

He has felt that the peak hour restriction could be reduced by 50 percent and night hour power cut be reduced to 20 percent from 40 percent in first phase and later could be further relaxed. He has promised that the industry would extend full support to TANGECO in equally distributing the power shortage and have win-win situation. SIMA Chief has also appealed to the centre to allocate more power from the centre and also the entire power generated out of Kudankulam nuclear power plant to sustain the competitiveness of the industries and also the jobs of people in Tamil Nadu.

The Southern India Mills' Association (SIMA)


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search