• search

Power rostering to cost Rs 4,000 crore per month to UP industry

Written by: Staff

Kanpur, Apr 8 (UNI) Industries in Uttar Pradesh will incur losses of Rs 4,000 crore per month while central and state governments will lose revenue worth Rs 1,500 crore due to rostering after 2200 hrs in the industrial areas as announced by the UP government.

UP Indian Industries Association (IIA) President Tarun Kshetrapal today said industries in UP were facing acute financial and power crises, and migrating to Uttaranchal and other ''industry friendly states.'' ''The recent UP government order to shut down industries after 2200 hrs would only add to the financial crisis,'' he claimed in a letter written to state chief secretary N C Bajpai.

Mr Kshetrapal has urged UP to restore power in the night through special feeders to save the industries from closure and migration.

''There are at least 3,500 small and medium scale industries in Kanpur and more than 12,000 industries in other part of UP, providing huge employment.'' In the present circumstances, the industrialists will have no alternative but to close down industries and shift units to other part of the country, he maintained.

He reminded the government that industries were paying Rs 1,500 crore as state and central sales tax on earnings of Rs 4,000 crore per month.

''As governments will also incurr losses of such magnitude, UP should reconsider its decision and restore normal power supply to industries.'' Meanwhile, unscheduled rostering in Kanpur and adjoining areas has affected normal life, while mercury soared to around 40 degree Celcius.

People are facing acute water crisis as irregular power supply has also affected water distribution.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more