Thursday, April 11, 2013


Ludhiana - 11.04.2013

Today an emergency meeting of the Office Bearers of United Cycle & Parts Mfrs Association was held under the Presidentship S. Gurmeet Singh Kular, President UCPMA along with Sh. Inderjit Singh Navyug, Sr. Vice President, Sh. Harjit Singh Sondh, Vice President, Sh. Pardeep Wadhawan Secretary, Sh. Baljit Singh Lotey, Joint Secretary, Sh. Ajit Kumar, Prop. Secretary, Sh. Achhru Ram Gupta, Finance Secretary.

We regret to know that the Punjab state power corporation has increased in power tariff to all the categories of consumers including increase in the peak load exemption charges. Our association strongly criticizes the increase in tariff which will make the adverse position of the cycle industry of the city which is already reeling under recession due to non availability of man power, inflow of export of Chinese Cycle Products and nearby states like Himanchal Pradesh, J & K and Uttaranchal who are enjoying the benefit of the being the tax holiday states. Instead of mitigating the misery of the industry, the department is going to increase the same by this increase.

The Cycle Industry is already in financial crunch and has to continuance various problems, the hike in the power tariff will further debilitate the productions, squeeze liquidity and through it out of competition in the national and international field. The better option for the govt. will be to reduce the transmission losses & cases of power theft.

The president Gurmeet Singh Kular has attended the three meeting with PSERC and requested not to increase the electricity tariff but the PSERC (Punjab State Electricity Regulatory Commission ) has paid no heed to our request and give their decision in favour of the Punjab State Power Corporation Ltd which is not favorable to the Public as well as to the Industry.

It was decided in the above meeting to bring this matter in the management committee meeting of the association going to be held on 15.04.2013 but further action should be taken along with consultation of the other big association of the City.

In the end we request PSPCL that the revised rates may be immediately reversed at all which will be at interest of the industry especially to the MSME units who are dominating the cycle industry. The industry as well as the public will remain indebted to PSPCL and the State government for this noble cause.

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