By 121 News
Chandigarh 22nd May:-Confederation of Indian Industry to request the Punjab Government to reconsider its decision of levying 5 per cent Infrastructure development (ID) fee on power tariff and Rs 1 cess on Petrol & Diesel.
In a press release issued here today, D L Sharma, Convenor, CII Punjab Public Policy & Advocacy Panel, & Director, Vardhman Textiles Limited,said that this fee and cess has indeed taken the whole of Punjab Industry by surprise. As Energy costs happens to be a major component of any trade & manufacturing activity, this state government's decision would certainly impact the overall competitiveness of Industry based in Punjab. In addition, it would also hamper Punjab's plans to attract new investments in state.
S S Bhogal, Chairman, CII Punjab State Council & Managing Partner, Bhogal Sales Corporation, said that the intent of the state Government to upgrade state's infrastructure is certainly good, however this decision of 5 per cent Infrastructure development (ID) fee on power tariff coupled with existing 13 per cent duty on Power and Rs 1 cess on Petrol & Diesel will slow down energy intensive Industry in the state and make the Punjab Industry in competitive viz a viz neighbouring states.
CII in its statement also appealed to the state Government to have a relook at it's policy of cross subsidising the power being supplied to farm sector.CII suggested the state Government to consider rationalizing power supply to agriculture sector whereby it can allot a particular number of free units of power to farmers based on the crop need he is cultivating.
No comments:
Post a Comment