Advertise Here [468 W x 60 H pixels]
Newsline-National | October 2016

AP to slash power tariff for spinning mills

The Government of Andhra Pradesh has proposed to drastically slash power tariff to spinning mills in the State to uplift the textile industry. The spinning mills provide employment to four lakh people in the State, but several mills are on the verge of closure due to heavy losses.

A cabinet sub-committee headed by Finance Minister Yanamala Ramakrishnudu has formally moved a proposal to offer power at Rs 2 per unit to the spinning mills.

The committee comprising Rural Development Minister Ch Ayyanna Patrudu, Transport Minister Sidda Raghava Rao and the Finance Minister Arun Jaitley, met after managements of spinning mills met the Chief Minister Chandrababu Naidu and urged him to bail out the industry.

The Finance Minister said that the new tariff, if implemented, would cause a burden of Rs 400 crore on the exchequer. The cabinet will take a final call on the issue.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
A.T.E. Enterprises Pvt.Ltd (Monforts Fongs-MFT)      AB Carter India Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Batliboi Ltd      Benninger AG      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bracker AG (Rieter)      Brugarolas India Pvt Ltd      Condair      Cox And Kings Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fourwents Engineering Co.      Graf (Rieter India)      Henna Tex      Instamod Air Pipe Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      Meera Industries Ltd      Mohler Machine Works Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Redington (India) Ltd      Rieter India Pvt. Ltd      Savio Texcone Pvt Ltd      Skaat Machine Works India Pvt Ltd      SRE Corporation      Staubli AG      Stovec Industries Ltd      Swissmem      Techaids      TeFoc Accessories      Texfab Engineers (I) Pvt Ltd      Thymas Electronics Pvt Ltd      Uster Technologies AG      Weavetech Engineering Pvt Ltd      A.T.E. Enterprises Pvt.Ltd (Monforts Fongs-MFT)      AB Carter India Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Batliboi Ltd      Benninger AG      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bracker AG (Rieter)      Brugarolas India Pvt Ltd      Condair      Cox And Kings Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fourwents Engineering Co.      Graf (Rieter India)      Henna Tex      Instamod Air Pipe Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      Meera Industries Ltd      Mohler Machine Works Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Redington (India) Ltd      Rieter India Pvt. Ltd      Savio Texcone Pvt Ltd      Skaat Machine Works India Pvt Ltd      SRE Corporation      Staubli AG      Stovec Industries Ltd      Swissmem      Techaids      TeFoc Accessories      Texfab Engineers (I) Pvt Ltd      Thymas Electronics Pvt Ltd      Uster Technologies AG      Weavetech Engineering Pvt Ltd