Exporters for continuation of concessionary electricity, gas tariffs

Exporters have urged the govt. to continue concessionary electricity and gas tariffs for the industrial sector in the upcoming textile policy for 5 years. They said electricity at US cents 7.5 per kilowatt hour – all inclusive – and RLNG rates of $ 6.5 per million metric British thermal unit for textile value chain, including both manufacturers and exporters, should be continued. This would enable the textile exporters to effectively compete with the regional competitors. The draft of textile policy for 2020-25 is all set to be presented any day before the economic coordination committee for approval. The policy envisages textile exports target at $ 25.3Bn and $ 50Bn by 2030.

8/8/2020