The industrial delegation of VIA under-representation of Mr. Prashant Mohota, Chairman of Energy forum of VIA met with Dr. Madhvi Khode, Commissioner of Textile, Government of Maharashtra at Nagpur.
VIA members came to know through a newspaper article that an electrical power subsidy under the existing textile policy is proposed to amend.
According to proposed subsidy rates are restricted to 20,000 (Twenty Thousand) units per month for Power loom, Knitting, Hosiery, Garment Processing, Textile Industry (excluding spinning mill) and 5,00,000 (Five Lacs) units per month for Co-operative and Pvt. Spinning Mills. For more consumption consumer needs to pay as prevailing rates of MSEDCL.
The delegation brought their kind notice that the present business environment is extremely tough and the survival of the textile industry is at stake. Textile Industry is presently reeling under severe liquidity crunch. This liquidity issue is further aggravated by delayed / non-receipt of the subsidies accrued under the textile policy.
Proposal to withdraw the benefits of Textile Policy 2018-23 would lead to irreversible adverse repercussions’ and business continuity of the textile industry, itself will be in doubt. Further industrial fraternity requested for continuation of the benefits stipulated under the existing textile policy followed by representation submitted by VIA.
Textile Commissioner, Dr. Madhvi Khode assured that the government is pro textile and we will discuss this issue with the ministry of finance and textile at the earliest.
From VIA members Nitin Shrivastava, Vineet Mohota, Jayant Joshi, Mayank Agrawal, Kiran Katare, Nirmal kumar Jain, Ramesh Randher, Ajay kumar Saxena, Hemant Mitkar, Ayush Singhania, Sumit Lakhani, Jalal Gilani, Satish Mehta, Anand Motghare, Ajay Nair, Jayant Patil and more were prominently present.