Pune, March 13 -- The Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) has opposed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) proposal of 37 per cent power tariff hike for 2023-24.
Any further rise in tariff will be detrimental to industrial and commercial activities, affecting competitiveness. The cascading effect would disincentive investors from additional domestic and foreign direct investments in the state, moving industries out of Maharashtra. It will also increase prices of the products manufactured, MCCIA official said.
MCCIA, which participated in the online public hearing conducted by the Maharashtra Electricity Regulatory Commission (MERC) for Pune division, pointed out that the...