Industry and trade welcome lockdown relaxations in Coimbatore thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
New financial year brings uncertainties to industries in Coimbatore, Tiruppur
Updated:
Updated:
Share Article
AAA With the commencement of a new financial year, industries in Coimbatore and Tiruppur stare at uncertainty as COVID-19 cases are spiking again and raw material prices remain uncontrolled.
P. Nallathambi, president of Coimbatore SIDCO Industrial Estate Manufacturers’ Association, said that the industries were yet to feel the impact of the rising COVID-19 cases. There is no report of many cases in industries in Coimbatore. However, raw material prices continue to be on the rise. Even public sector undertakings are increasing the prices. Though the units have orders they are unable to commit on pricing. Government has to step in and take measures to control the raw material prices, he said.