Haryana Chief Minister Manohar Lal Khattartoday said power tariff will be reduced for small and medium enterprises having connection below 20 kilowatt, according to a senior member of a CII delegation that called on him here.
“Haryana CM announced that for MSMEs having power connection below 20 kw, the tariff is going to be reduced from present Rs 6.75 per unit to Rs 4.75 per unit.
“The new tariff will be effective from May 1,” Sachit Jain, chairman, Confederation of Indian Industry’s (CII) Northern Region, said after a delegation of the industry body met Khattar here.
Sameer Gupta, Deputy Chairman, CII Northern Region, who was part of the delegation, said the industry body also suggested to the Haryana government to set up an Investment Board where people from the government, senior bureaucrats and CII representatives will be working together to see how the state can attract more investments.
When asked if CII had put up a specific demand before Khattar to reduce power tariff for micro, small and medium enterprises (MSMEs), Jain said, “We just said that you have to help the industry be more competitive.”
Jain said CII had also welcomed the decision of the Amarinder Singh-led Punjab government which had last year announced industrial power tariff at Rs 5 per unit.
Jain, who is also Vice Chairman and MD of Ludhiana-based Vardhman Special Steels Ltd, gave the example of his own company to emphasise how reduced power tariff was helping the industry grow and expand. “When Punjab government reduced the power tariff for the industry, suddenly we became more competitive… After power tariff got reduced, I decided to increase my capacity by 50 percent…I am investing Rs 200 crore more in next three years. Had this announcement for reduction of power tariff not come, I would not have been able to do it,” Jain said.
Jain also said 13th Agrotech — CII’s biennial agro technology and business fair — will be held from December 1-4 here. The main theme of the event this year will be ‘How to double farmers’ income’.
News Source: Economic time