Odisha’s MSME Appeal To Save Them From Closure

Coal Crisis: PM’s Intervention Sought To Save MSMEs From Closure In Odisha
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The Odisha Assembly of Small and Medium Enterprises (OASME) has sought help from the honourable Prime Minister of India Shri Narendra Modi to save the cola relying on MSME industries from immediate closure.

In a letter to the Prime Minister, the OASME said acute coal shortage not only threatens the Captive Power Plants (CPPs) based industries in Odisha but also other industries that form the backbone of the state’s MSMEs that provide employment to lakhs of people. The MSMEs have been struggling due to a severe coal crunch for over seven months since August 2021.

“Though the state government has ensured uninterrupted power supply to independent power plants, the situation remains grim for the non-power industries facing a severe shortage of coal. The ancillary SMEs depending on non-power industries are on the verge of closure,” Satwik Swain, secretary-general, OASME, said in the letter.

“Such acute shortage of coal is creating a dangerous situation for the manufacturing sector, threatening the shutdown of MSMEs, leaving the state deprived of domestic value addition and global investment,” said Swain.

As the cost of imported coal has shot up, the coal consuming industries depend on domestically produced coal. While a few businesses have been meeting their needs through imported coal, most of the boilers, kilns and furnaces are designed to run on indigenous coal. Therefore, an uninterrupted supply of indigenous coal is essential for the sustenance of these plants.

Requesting the Prime Minister to intervene to normalise the situation, the OASME warned that if the crisis is not resolved immediately, it could lead to the closure of nearly 5000 MSMEs, leading to loss of livelihood for lakhs of people.

Story By- Saayak Karmakar, Resident Editor, Interview Times

Image Source- Google

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