Power loom players seek loan waivers

Coimbatore: Power loom associations in the state have come together as a federation to press for their demands, including exemption from Electricity (Amendment) Bill.
They have also sought loan waivers to the tune of Rs 65 crore for power looms, which were unable to pay loans back, and scrapping of anti-dumping duty on viscose staple fibre.
A total of 45 power loom associations in the state have come together under the banner of Tamil Nadu Federation of Powerloom Associations.
Its representatives said power looms were now given 750 units of power free for two months. “If the Electricity (Amendment) Bill is brought in, we wouldn’t get the benefit. Also, there is a high chance to privatize the power generation and distribution.” TNN