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SIMA appeals to TN CM for lower power tariff
18
Feb '16
The Southern India Mills' Association (SIMA) has appealed to Tamil Nadu Chief Minister J Jayalaithaa for reduction in power tariff considering the steep reduction in fuels meant for power generation particularly the coal, furnace oil, HSD oil, etc.

In a representation to the Chief Minister, SIMA Chairman M Senthilkumar said the textile industry is a power intensive sector has been undergoing severe financial stress due to high cost power.

The power subsidy, interest subsidy and various other incentives offered by major cotton growing States like Gujarat, Maharashtra, Andhra Pradesh, Punjab, Rajasthan, etc., combined with power shortage in Tamil Nadu until recently, worsened the situation for the textile industry in the state and virtually ended new investments.

Now that Tamil Nadu has now become a power surplus State and the tariff of power available in the open market is quite competitive, the SIMA has asked the CM to reduce the power tariff and also consider fixing a separate power tariff for the textile industry to revive the ailing industry from the current recession so that it can remain competitive in the globalized environment. (SH)

Fibre2Fashion News Desk – India

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