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Exporters urge Tamil Nadu govt to roll back power tariff hike

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Tirupur Exporters’ Association on Wednesday termed the recent hike in power tariff as a ‘heavy blow’ to the industry which was already reeling under the Russia-Ukraine conflict and requested the Tamil Nadu government to roll back its decision.

Association president Raja M Shanmugham in a letter to Chief Minister M K Stalin said the survival of the industry, particularly the micro, small and medium enterprises were “at stake” due to the upward revision in power tariff.

“We apprehend that the combined negative factors may affect the MSMEs particularly and also lead to loss of jobs…these units are neither in a position to absorb the power tariff hike nor pass on to the overseas buyers,” he said.

Referring to the Russia-Ukraine conflict, he said already hit by the Covid-19 pandemic, the knitwear segment was affected as the war caused a ‘cascading effect’ leading to a drastic reduction in export orders received by the traders from Europe.

The knitwear exports made from the region contribute about 13 per cent (₹33,525 crore) of the total exports from the State, while the domestic knitwear sales was valued at ₹27,000 crore.

The knitwear sector alone was providing employment to eight lakh people both direct and indirect, he said.

The revised power tariff of the Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) came into effect on September 10 despite opposition by various political parties.

Tariff for the high-tension consumers viz. industries, factories has been hiked to ₹6.50 per unit to ₹12 per unit power.

Published on

September 14, 2022



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