Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Coal crisis: MSMEs seek Prime Minister Narendra Modi’s intervention

PNN
Updated: February 23rd, 2022, 07:30 IST
in Metro, Top Stories
0
Coal

Photo courtesy: brookings.edu

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Bhubaneswar: The Odisha Assembly of Small and Medium Enterprises (OASME) has sought the Prime Minister Narendra Modi’s intervention to protect the MSME ecosystem dependent on coal-consuming industries and their ancillaries from acute shortage of coal. The MSMEs have been struggling due to the shortage of coal for the last seven months. The industry bodies have raised the issue with the Odisha government several times. But, the issue is yet to be resolved.

In a letter to the prime minister, OASME secretary general Satwik Swain said, “Even though the government has helped ensure uninterrupted power supply to independent power plants, the situation remains grim for the non-power sectors across Odisha, which are facing severe shortage of coal due to low supply.  This has pushed many ancillary SMEs to the verge of closure.”

Also Read

Bihar man arrested for Rs 15.19L franchise fraud

1 hour ago

Revenue Minister reviews deep depression preparedness

1 hour ago

Describing the situation as ‘catastrophic’, Swain said the closure of local industries could lead to huge economic losses and lakhs of people could lose their jobs.

Despite repeated appeals by multiple MSME associations, trade chambers and industry associations like Utkal Chamber of Commerce, the Association of Industrial Entrepreneurs (AIE) and the OASME itself, there has been no resolution in this regard. The affected stakeholders have now resorted to rallying against the production and supply anomalies while seeking prioritisation of coal allocation for captive power plants (CPPs), said the letter.

“Odisha has 25 per cent of the total coal deposit of the country. Out of the 129 million tonne of coal produced through Mahanadi Coalfields Limited (MCA), 54 per cent is being transferred to other states and only 46 per cent is reserved for the industries in the costal state, against the actual minimum requirement of 65 per cent for local CPPs,” Swain said.

“Such acute shortage of coal is creating a dangerous situation for the manufacturing sector, threatening the survival of MSMEs, leaving the state deprived of domestic value addition and causing bad impact on the global investment,” Swain added.

The OASME urged the PM to intervene in to the issue and help normalise the situation that is affecting the entire ecosystem.

“The crisis, if not attended to immediately, could lead to closure of nearly 5,000 SMEs and lead to loss of employment and livelihood for lakhs of people who are dependent on them,” the letter stated.

 

 

Tags: CoalEntrepreneursGovernmentIndustriesInvestmentJobsOASMEOdishaPower
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019

Archives

Editorial

Satire in Protest

Election Commission of India
July 27, 2026

A quote from Milan Kundera goes thus: The final stage of a cultural movement is satire. When the people laugh...

Read moreDetails

Roots of Rage

July 26, 2026

By Aakar Patel Many are puzzled by the size of the current protests and the speed with which they sprang...

Read moreDetails

Fence Eats Crops

Dilip Cherian
July 25, 2026

By Dilip Cherian What happens when the fence begins to eat the crop? In Delhi’s babu circles, this question is...

Read moreDetails

Tide Is Turning

Election Commission of India
July 22, 2026

Roger Waters once wrote: Tide is turning; Satellite buzzing through the endless night; Exclusive to moonshots and world title fights;...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST