Online edition of India's National Newspaper
Saturday, Jul 12, 2008
ePaper | Mobile/PDA Version
Google



Tamil Nadu
Nxg

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |



Tamil Nadu Printer Friendly Page   Send this Article to a Friend

Frequent power cuts, price rise criticised

Staff Reporter

Entrepreneurs observe a fast; seek intervention of Union, State Governments

Photo: N. Bashkaran

Protest: Representatives of Hosur Small and Tiny Industries Association taking out a rally in Hosur on Friday. –

Hosur: Representatives of the Hosur Small and Tiny Industries Association (HOSTIA) took out a march here on Friday in protest against the rise in prices of raw materials and seeking the intervention of the Union and State Governments to bring down the prices.

Led by Ramani Srinivasan, president, HOSTIA, V. Gnansekaran, secretary, took out a rally from SIPCOT to the Sub-Collector office.

In a representation to the Sub-Collector, Nagarajan, the industrialists said that the price of major raw materials including steel, copper, pig iron and rubber had increased significantly in the last few months affecting industrial production.

Cost cutting measures

Major industries undertake cost cutting measures, which are ultimately passed on to the small and tiny industries, who are unable to absorb further losses.

The memorandum asked the State Government to sort out the problems in electricity distribution. Frequent and unannounced power cuts over the last few months have had a drastic effect on the industrial productivity of the small and tiny industries in Hosur. A majority of the small-scale units in Hosur are not able to supply components to large-scale units on time because of the power cuts. This has resulted in severe loss of production. Adding to the woes is that many small-scale units have lost orders. The power cuts which on an average extend up to five to six hours a day has largely resulted in affecting the productivity, bringing about a situation that the industries here would be unable to survive without installing their own power captive generators, which involves huge capital costs.

The representatives asked the Government to improve ifrastrucutre at SIPCOT and SIDCO industrial estates. Though the Government had sanctioned Rs. 1.65 crores for the Pollupalli industrial estate nothing concrete has emerged till date, they added.

Printer friendly page  
Send this article to Friends by E-Mail



Tamil Nadu

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |




News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |

Copyright 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu