Slab system to revive granite industry

The change in seigniorage fee collection will increase the volume of business of granite units.

Published: 25th August 2022 05:59 AM  |   Last Updated: 25th August 2022 05:59 AM   |  A+A-

Representational image of granite.

Representational image

Express News Service

ONGOLE: Owners of small granite units in Prakasam and other districts have hailed the reintroduction of the slab system for collection of seigniorage fee on granite blocks consumed at processing units. The State government issued GO 58 on Tuesday, reintroducing the slab system for collection of seigniorage fee on granite blocks.

Chief Minister YS Jagan Mohan Reddy announced this at a public meeting held at Chimakurthy on Wednesday to mark the unveiling of bronze statues of former Chief Minister YS Rajasekhara Reddy and former Darsi MLA Buchepalli Subba Reddy.

The slab system will give a big relief to small scale granite units (stone cutting and polishing) across the State. The change in seigniorage fee collection will increase the volume of business of granite units. The government has reintroduced the slab system after receiving several representations from the owners of small scale granite (processing and polishing) units through former minister Balineni Srinivasa Reddy and former MLA Buchepalli Siva prasad Reddy. The new GO is set to benefit 7,000 small granite units and nearly 2 lakh workers and employees of the  granite industry.

“The Chief Minister has fulfilled our wish by issuing GO 58. With the decision, Jagan has given a new lease of life to the granite industry, which has been facing crisis for quite a long time,” Krishtipati Sekhar Reddy, president of the Prakasam District Small Scale Granite Factory Owners Association, told TNIE.The Rs 2 per unit reduction in electricity bill for both HT and LT connections will also be a big boost to the industry, especially for small scale granite units, he said.

“With the new slab system, we are going to get Rs 9 to Rs 10 benefit for a feet of granite block. In addition to this, the Chief Minister has announced a decrease of Rs 2 per unit on the present power tariff for both HT and LT connections, which also makes a big difference for the small scale granite units,” said D Rami Reddy, proprietor of Sri Venkata Sai Granites, Chimakurthy. A few other granite unit owners from Chimakurthy and its surrounding places also expressed their happiness over the reintroduction of the slab system.

Even workers and staff of many granite units also welcomed the new GO.  Surender Nayak (26) and Ashuboshu (30) from Rajasthan and Odisha, who work in granite units, opined that the new slab system will revive the granite industry.

“The new GO will help increase the business turnover of the granite industry, resulting in generation of more employment and payment of better wages to workers,” said Rathore, a granite cutting saw technician from Rajasthan.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp