MSMEs watch impending power crisis nervously
New Delhi, Oct 12 (KNN) Although the Ministry of Coal gave reassurance on coal availability being ample in the country to meet the demand of power plants, in a press release on Sunday, the news of potential power crisis has gathered the attention of leaders, businesses and the consumers of power.
In view of this, KNN reached out to small business and trade associations across India to gauge its probable impact on MSMEs.
While interacting with KNN, B. A Nazeer, President, Canara Plastic Manufacturer Association based in Mangalore said “MSMEs will be drastically hit by the looming energy crisis, as machines need to be heated continuously for one hour, hence power is vital in manufacturing.
It is estimated that its impact on production will be almost 70 per cent.
Further speaking about the current power situation in Mangalore he informed, “So far there are no interruptions in manufacturing due to power, but it is prudent to contemplate on this issue as we do not have an alternate option with cost of diesel being double.”
In our correspondence with Nitin K Mehta, President, Sihor Chamber of Commerce and Industry based in Gujarat is hopeful about the condition and stated that, so far we do not have power shortages, so we are optimistic that situation will be in control.
“All businesses somehow depend on power, and this dependency will affect us in a large scale if the crisis is not averted,” opined Sushil Kumar Singhal, President, Distributors Association of Noida.
Dr. S.Krishna Kumar, President K.S.R.T.C. Ancillaries Association based in Bangalore said that power is not a cause of great discomfort to us as our source of electricity comes from hydropower.