SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

Andhra Pradesh Map THMB Andhra's SMEs threaten to shut down production

india-industry-sme
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 28 Feb, 2012
Faced with a 12-day power holiday in a month, small and medium enterprises (SMEs) in Andhra Pradesh Monday threatened to shut down production.

The Federation of Andhra Pradesh Small Industries Associations (FAPSIA) sought permission from the labour commissioner to shut down units. The federation members served lock-out notices to the authorities saying it would no longer be viable to continue production.

Joint labour commissioner Ravibhushan Rao assured the federation that he would bring the issue to the government's notice.

The electricity distribution companies have decided to impose 12-day power holidays on the industrial sector from March 1 in view of the mounting power shortage. The authorities said this was inevitable due to the increasing demand from the domestic sector in view of the onset of summer and to maintain daily seven-hour supply to agriculture.

The lock-out notice may trigger a row between the industrial units and the employees. Some managements have already hinted at a 50 percent cut in the salaries of the employees.

FAPSIA, an apex body of small scale industry associations in the state, had Sunday given a call for a 15-day shutdown of the industrial units to protest the power cuts.

FAPSIA leaders said the latest move would deal a big blow to industrial production in the state as the small scale sector was already facing various problems. It was only two months ago that the state had lifted eight-day power holidays for the industrial sector.

The state has about 161,000 small scale units, providing livelihood to 3.7 million families. FAPSIA said if the production days in a month are cut down to 18, it would have serious consequences for the units.

Andhra Pradesh Transmission Corporation (AP Transco) had already declared that there would be a 40 percent power cut for industries in March and April.

With the power demand crossing 12,000 MW per day, the state is facing a shortfall of about 2,000 MW. The demand-supply gap is likely to further widen in the coming weeks.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter