The Confederation of Indian Industry has welcomed the Tamil Nadu Government's decision to increase power cut from 20 per cent to 40 per cent for HT industrial consumers and introduce power holidays in a staggered manner among zones.

In a statement here, it said that with the current decision, unscheduled power cuts could be avoided which would help industry to plan its operations. In these “extraordinary circumstances”, CII appealed to the industry members to accept this power cut and come forward to buy power from power exchanges and other generation companies at normal rates instead of drawing grid power at least till the power situation improved.