KCCI opposes MESCOM’s proposal for power tariff hike
The Kanara Chamber of Commerce and Industry (KCCI) has opposed Mangalore Electricity Supply Company’s (MESCOM) proposal to increase power tariff by ₹1 at a time, when BESCOM did not propose any increase and also proposed reduction in tariff for high-tension industrial consumers.
In a memorandum to Chief Minister B.S. Yediyurappa, who holds the Energy portfolio, chamber president Isaac Vas said MESCOM’s proposal for tariff hike would severely affect power consumers in Dakshina Kannada, Udupi, Shivamogga, and Chikkamagaluru.
At a time when micro, medium and small enterprises (MSMEs) were contributing to over 29% of GDP across the country and employing crores of people, power tariff hike would affect their very existence. In Dakshina Kannada alone, over 1 lakh people were employed in MSME as against a mere 10,000 by mega industries, he pointed out.
With COVID-19 pandemic and the lockdown impacting their cash cycles, MSMEs that were the backbone of India’s inclusive growth story have received a severe jolt and faced multiple bottlenecks and retardation.
