Industrial organisations have strongly opposed tariff hikes, saying industries in TN are facing recession
8 months ago

Industrial organisations have strongly opposed tariff hikes, saying industries in TN are facing recession

New Indian Express  

COIMBATORE: Industrial organisations in Coimbatore and Tiruppur districts have strongly opposed the power tariff hike, saying that industries in Tamil Nadu are already facing a recession-like situation and the hike would sound the death knell for the industries. The Federation of Coimbatore Industrial Association, a common body for 23 industrial associations, said the power tariff hike would destroy micro and small-scale industries in Tamil Nadu. A release from SK Sundararaman, chairman of Southern India Mills’ Association, said the Consumer Price Index -based power tariff revision will curtail Tamil Nadu’s competitiveness in the textile industry sector. It will make MSMEs in TN uncompetitive compared to other states.” B Kandavel, organising secretary, Tamil Nadu Federation of Powerloom Associations, in a letter to the CM, said “The new power tariff revision has come at a time when we are pressing for the earlier hike to be revoked.

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