Home / Knowledge / News / Textiles / Increase in power tariff causes alarm to textile sector
Increase in power tariff causes alarm to textile sector
27
Sep '10
The textile sector is alarmed by the sharp increase in its power tariff, which rose to Rs 7.15 per kwh in January, 2010 from Rs 3.70 per kwh in August 2006 – an increase of more than 100 percent over a period of four years.

According to a spokesperson from the textile industry, the power tariff is equal to 30 percent of the conversion outlay of textile spinning and organized weaving sector. Due to the rising electricity costs, continuation of factory operations has become difficult.

The export-driven textile sector is currently facing tough competition from the other regional contenders in the global market. The textile producers in other competing countries are exempted from several restrictions. Electricity per kilowatt as expressed in terms of US cents is much lower in other Asian countries, like it costs 8.14 cents in India, 8.5 cents in China and 5.23 cents in Bangladesh as compared to 9.41 cents in Pakistan.

The industry in the country is facing, for the first-time, scarcity of raw materials, exorbitant financial expenditure and aggressive approach of the western countries towards Pakistan. The government should, therefore, reassess the industry's increasing burden of power tariff. It is only the textile sector, which can restore the economy that has been badly affected by damage caused by the recent floods.

The President as well as the Prime Minister should get involved in the matter and instruct the concerned officials to offer reasonable tariff for B/3 & B/4 industrial connections for the sake of the textile industry and textile exports, according to the spokesperson.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Apparel/Garments | On 20th Jan 2017

Fashion etailer Fynd to offer Yepme product offerings

Online fashion retailer Fynd has signed a partnership with Yepme,...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Rahuul Jashnani
Jashn

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

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Lynda Kelly
Suominen Corporation

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search