MSMEs to draw government’s attention to rising raw material prices
Updated:
Updated:
April 14, 2021 16:24 IST
The government should intervene to stabilise the prices and ensure there is no shortage, MSMEs in Coimbatore say
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MSMEs in Coimbatore are hit by frequent increases in raw material prices
| Photo Credit: PERIASAMY M
The government should intervene to stabilise the prices and ensure there is no shortage, MSMEs in Coimbatore say
Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore are looking at measures to draw the government’s attention to increasing raw material prices.
“MSMEs are getting good orders. But we are unable to meet the orders because of the frequent increase in prices of raw materials. We have represented this to the government several times. Now, we are looking at ways of joining hands with MSME associations across the State and across the country too, so that we can represent jointly,” said an MSME unit owner h
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COIMBATORE: The Coimbatore Tirupur Districts Micro and Cottage Entrepreneurs’ Association (COTMA) and the Indian Chamber of Commerce and Industry (ICCIC) have welcomed Tamil Nadu’s new industrial policy 2021 and called it ‘growth oriented’.
They have cheered the government’s decision to triple the subsidy cap on capital investment from Rs 50 lakh to Rs 1.5 crore. They stated that multiple incentives to sunrise sectors, including defence and food processing and technology, have the potential to change the industrial climate in Coimbatore.
They also hoped that the Rs 1,000 crore infusion into Tamil Nadu Industrial Investment Corporation (TIIC) would lead to more loans being disbursed.