The Confederation of Indian Industry (CII) has come out against the Kerala State Electricity Regulatory Commission’s decision to hike the power tariff by over 30 per cent for all categories in the state.
Umang Patodia, chairman, Taskforce on Power, CII Kerala state council and MD Patspin India Ltd, said the decision will hit the core industries in the state. “It will adversely affect the business which in turn will affect the public who are dependent on this sector,” he said.
The CII official said that the decision has also affected the sustenance and growth of manufacturing sector in Kerala which can eventually lead to the closure of many units. “To support the growth of any existing industry, tariff shocks should be avoided. Besides any revision of power tariff must be graded spanning over three years making it viable for the industry to survive,” said the CII officials.
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