Industry seeks bailout; calls for an industrial electricity slab at or below Rs 6/unit
Weaving stakeholders petitioned the government for a bailout package, highlighting closures and cash-flow stress tied to high energy tariffs and unaffordable inputs. A flagship demand was a separate electricity slab for power-loom units at ≤ Rs 6 per unit, plus short-term financial relief to preserve employment. The association signalled a national convention would set a deadline for policy action.
Owners cited multi-year headwinds: weak demand visibility, yarn price spikes, and compounding arrears from prior tariff regimes. Without calibrated power pricing for small, continuous-process factories, owners argued, greige fabric costs would remain uncompetitive and cascade upstream into spinning under-utilization.