Textile mills in TN appeal for status quo on energy policies
The textile spinning sector in Tamil Nadu is caught between external factors such as the US-China trade war and domestic issues such as excess capacity and rising raw material and transportation costs.
The proposal of Tangedco (Tamil Nadu Generation and Distribution Corporation) to curtail certain benefits such as wind power banking, group captive power purchase by MSMEs for less than one MW and removal of old windmills is adding to the woes of the spinning sector.
The Southern India Mills’ Association (SIMA) Chairman Ashwin Chandran has appealed to the State Chief Minister for status quo on energy policies in Tamil Nadu.
