Opposing the power tariff hike in Tamil Nadu, many powerloom weaving units– across hubs like Coimbatore and Tirupur districts– are on indefinite strike.
The State Government recently announced a 30 percent hike in electricity prices,which will negatively impact the business of over one lakh units.
It is being said that a total of Rs. 35 crore worth production of weaving has been hit per day in Coimbatore and Tirupur districts, following the power loom weavers’ strike against the electricity tariff hike.
As per reports, Federation of Tamil Nadu Powerloom Unit Owners’ Association has decided that powerloom units will not pay the revised tariff.
Also Read : Tamil Nadu’s textile industry urges for ‘moderation’ in power tariff hike
Many trade bodies across the Tamil Nadu have opposed the State Government’s decision of power hike and urged to take back this decision.
Ravi Sam, Chairman, The Southern Indian Mills’ Association (SIMA), has advised the textile industry to give priority in making investments in the renewable energy generation (Wind and Solar Power) to remain competitive and fulfill sustainability obligations.
“As the grid power has crossed Rs.8 per unit in almost all the major textile manufacturing states except the states having hydel power generations, the power intensive textile industry has lost its global competitiveness on power front,” he said and further added that since the power cost accounts over 40 per cent of yarn manufacturing cost, it has become essential for the textile mills to plan for 100 per cent captive power generations of wind and solar power.
