Opposing the power tariff hike in Tamil Nadu, many powerloom weaving units– across hubs like Coimbatore and Tirupur districts– are on indefinite strike. The State Government recently announced a 30 percent hike in electricity prices,which will negatively impact the business of over one lakh units. 35 crore worth production of weaving has been hit per day in Coimbatore and Tirupur districts, following the power loom weavers’ strike against the electricity tariff hike. As per reports, Federation of Tamil Nadu Powerloom Unit Owners’ Association has decided that powerloom units will not pay the revised tariff. Also Read : Tamil Nadu’s textile industry urges for ‘moderation’ in power tariff hikeMany trade bodies across the Tamil Nadu have opposed the State Government’s decision of power hike and urged to take back this decision.

Source: The Hindu September 19, 2022 07:15 UTC