The Confederation of Indian Industry, Kerala Region, has opposed the power tariff hike, saying that it would hit industries in the State. Mr Umang Patodia, Chairman of the taskforce on power, CII Kerala State Council, said the Kerala State Electricity Regulatory Commission’s decision to hike the power tariff over 30 per cent for all categories of consumers will drastically hit the core industries in Kerala. This will adversely affect the businesses, thereby shifting the burden to the general public, who are dependent on this sector, he said. He pointed out that the increased power tariff has adversely affected the industrial operations of the manufacturing sector. Power is the major input for the manufacturing and MSME industry. Large-scale manufacturing companies such as minerals, paper, textile etc will be hit hard, he said. — Our Bureau

(This article was published in the Business Line print edition dated July 30, 2012)
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