Hotline: 1800 102 2007
X
Search Business Opportunities
2014-10-09

SMEs in Telangana to incur losses on two-day power holiday

The power holiday will have a huge impact on the SME sector

The Rs 10,000 crore Small and Medium Enterprises (SME) in Telangana would be forced to incur losses following the two-day weekly power holiday for industries announced by the State Government, as stated in PTI report.

 

President of Telangana Industrialists' Federation K Sudheer Reddy told PTI that the power holiday will have a huge impact on the SME sector. It will force them to cut production and keep the workers idle which would result in huge losses.

 

He said that the bigger industries will have alternate arrangements such as captive power plants to cope with the grim situation.

 

"Definitely this is a disturbing factor, especially for SME sector... Production hampers. SME sector in Telangana needs just over 300 MW power to run continuously," Reddy told PTI.

 

Telangana chief minister K. Chandrasekhar Rao said that the power crisis could continue to haunt the state for the next three years as some of the initiatives being taken by the government in power sector would yield results fully only then.

 

Federation of Andhra Pradesh Chambers of Commerce and Industry president Shivkumar Rungta said they are requesting the Government to allow industries to purchase power under 'open access' system even below one mega watt power requirement.

 

According to the data available from the Telangana Transco website, the total energy supplied from October 1 to 7 in the state stood at 989.5 million units against the requirement of 1121.5 MU, thus creating a deficit of nearly 132 MU.

Related opportunities
  • About Us: Pizza is about the Pleasures of Life… Storytelling, Traditions, Secret..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • About Us: In My Student days in Australia I worked as..
    Locations looking for expansion Telangana
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Department & Convenience Stores
    About Us  NDB Convenio is a venture of NDB Retail India..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Owned and operated by Bloombay Enterprises LLP, The Belgian Waffle Co. was..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts