Friday, May 10, 2013

PRESS NOTE

DATED 10.05.2013



An urgent meeting of the Office Bearers of UCPMA was held under the Presidentship of Sh. Inderjit Singh Navyug, acting President in the absence of Sh. Gurmeet Singh Kular President of United Cycle & Parts Manufacturers Association on 10.05.2013 for discussion regarding ACD being charged by Punjab State Power Corporation Limited from all categories consumers and unscheduled Power cuts be imposed by the PSPCL.

Our association which has a patronage of the more than 2250 members strongly criticize the ACD charges being called from the consumers which will make the adverse position of the cycle industry of the city Punjab State which is already under recession due to non availability of the man power and nearby states who are enjoying the benefit of the being Tax holyday states. Instead of mitigating the misery of the cycle industry the department is going to increase the same by putting additional burden of ACD.

The cycle industry is already in financial crunch and has to continuance various problems like ACD charges will further debilitate the production, squeeze liquidity and through it out of competition in the national and international field.

Secondly it was strongly criticize the unscheduled Power cut being imposed on the industry as well as on the Public. These should be withdrawn immediately. The better option for the government will be to reduce the transmission loses and cases of Power theft.

In the end we request PSPCL that the additional ACD being called for may be immediately reversed at all which will be in the interest of the industry specially to the MSME units who are dominating the Cycle Industry. The industry as well the public will remain indebted to PSPCL and the state government for this noble cause.

Sh. Harjit Singh Sondh, Vice President, Sh. Pardeep Wadhawan, Secretary, Sh. Baljit Singh Lotey, Joint Secretary, Sh. Ajit Kumar, Prop. Secretary and Sh. Achhru Ram Gupta Finance Secretary were present in the meeting.


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