The PUNJAB State Power Corporation Limited (PSPCL) on Sunday sent another shock to the states industry after it announced that general industry,in designated areas,must impose three-day compulsory weekly offs,while induction and arc furnaces should compulsorily have four-day weekly offs. Earlier this had been two and three day weekly offs respectively.
The move has predictably not gone down well with the industrialists. If workers remain idle for half the week and get salaries for the full week,how are we going to justify our expenditure and profits. Industry is burning diesel as well in the absence of powerand no VAT refund is being given on diesel. The PSPCL is purchasing power and giving it for free to the farm sector and is ignoring the industry,which is paying them revenue worth crores, said an angry Gurmeet Singh
Kular,president of the United Cycles Parts and Manufacturers Association (UCPMA).
Badish Jindal,president of the Federation of Punjab Small Industries Association (FOPSIA), added: Is the government really serious about industry in Punjab. By imposing taxes and punitive measures,they are in a way expelling us from the state.
The industrialists,to protest PSPCLs directives,had announced a state-wide industry bandh from August 4 to August 7,but that hasnt deterred the power body from increasing the power cuts.
PSPCL has stated that because of scanty rainfalls,it has no choice but to supply power on priority basis to agriculture and hence the other sectors will have to bear the pressure. Sources revealed that in the peak hours,PSPCL even purchases power for as high as Rs 8 a unit which is then provided free to the farm sector.