Home / Knowledge / News / Textiles / Electricity price hikes puts spikes in T&G industry profits
Electricity price hikes puts spikes in T&G industry profits
Apr '09
Under a new circular issued by the Ministry of Industry and Trade, peak hour rates will be considered between 9.30-11.30 AM and 5-8 PM, instead of 6-10 PM, for the purpose of calculation of energy consumption charges.

The peak hour charges will be calculated at VND1,900 against VND955 charged during normal working hours. The Ministry also said that any tampering with the current charges would impact the proposal to bring electricity rates in tune with market realities.

The Ministry contends that this change in timings is to ensure electricity consumption is not restricted to peak hour timings, but industry challenges the reasoning by saying that that the new peak hour timings are those periods when consumption is at the highest point.

Due, to this aver that, they end up paying more than the routine bills they used to receive before this plan was put in to effect, which in these critical times, it is further affecting the profitability of companies, which were already operating at low margins.

But at the same time, the ministry has also supported the demand from sectors affected by the global economic crisis to be eliminated from the new regulation and has said that it will sympathetically look in to these valid demands.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Larry L Kinn
Suominen Corporation

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search