Union Budget 2017: Forging industry expects lower power tariff
Indian foundry sector, whose 30 percent supplies goes to automotive industries, expects favourable power and electricity tariffs from the upcoming Union Budget 2017 scheduled to be presented on February 1.Talking to ETAuto, Anil Vaswani, President, The Institute of Indian Foundrymen (IIF), said “Power is one major challenge foundries are India are facing right now. So, rationalisation of power is very important. We are hoping for favourable electricity and power tariffs from Budget 2017.”Electricity is a problem in many states major power cuts are an issue industries face. Though national grid is now allowing buying and selling of power, yet widely differing tariff rates creates a problem.It is also expecting major government investments in.....