KCCI opposes power tariff hike for MSMEs in Karnataka

New Delhi, Jan 24 (KNN) The Kanara Chamber of Commerce and Industry has raised the issue of increase in power tariff for MSME sector by Electricity Supply Companies (ESCOMs) in Karnataka. 

They have reached out to Chief Minister Basavaraj Bommai urging the government to not increase the electricity pricing for MSME sector. 

Only six months ago the tariffs were increased, pointed out B.A. Nazeer, Director of KCCI in a conversation with KNN. 

MSMEs are not in a good shape, this revision of power tariff for the sector comes as a blow which will lead to closure of units in the state, cautioned  Nazeer. 

“We are against this hike as low demand in the market is already slowing the economic activities, this revision will only hamper the units which are trying to barely sustain themselves”, added Nazeer. 

A letter was sent to the Chief Minister’s office which pressed on the concern of ESCOMS proposing to increase the tariff by Rs 2 per unit.

However it has been conveyed to us that this decision is made at a corporate level and not at the government level and we take cognisance of that, said KCCI Director.