Karnataka Chamber of Commerce and Industry (KCC&I) has taken a strong stand against the recent surge in electricity rates and has announced a statewide bandh on June 22. The KCC&I expressed its frustration over the lack of response from the authorities despite their continuous efforts to highlight the detrimental effects of the exorbitant electricity charges.
In a statement released on Saturday, the KCC&I emphasized the urgency of addressing the issue and the severe impact it has on businesses and the overall economy. The business community has been grappling with the escalating power prices for the past eight days, with no viable solutions or relief measures provided thus far.
The decision to organize a statewide bandh serves as a collective outcry against the abnormal hike in electricity rates. The KCC&I intends to use this protest as a platform to raise awareness about the adverse consequences faced by industries and commercial establishments due to the skyrocketing costs of power consumption.
The chamber has repeatedly attempted to engage in constructive dialogue with the relevant authorities, urging them to acknowledge the detrimental effects of the power price surge. However, their pleas have seemingly fallen on deaf ears, prompting the KCC&I to take more assertive measures in the form of a state-wide shutdown.
The planned bandh aims to draw attention to the immediate need for a reconsideration of the electricity pricing policies, taking into account the concerns of businesses and their ability to sustain operations. The KCC&I believes that the current rate hikes are unjustified and could have a profound impact on the financial stability of enterprises across various sectors.
The chamber also emphasized the broader implications of the power price increase on the overall investment climate in Karnataka. If left unaddressed, the exorbitant charges could deter potential investors and hamper the state’s economic growth.
The KCC&I’s call for a Karnataka bandh on June 22 is expected to garner significant support from various business associations, trade unions, and concerned citizens. The protest aims to exert pressure on the government to take immediate action and reassess the electricity pricing structure to ensure a more equitable and sustainable system.
As the state braces for the bandh, the spotlight will be on the government’s response and their willingness to address the concerns of the business community. The outcome of the protest will have far-reaching implications for the future of Karnataka’s economic landscape and the well-being of its industries.
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