COIMBATORE: After the state government granted permission to reopen all shops, including stationary, footwear, electrical, electronic and hardware from 9am to 7pm from Monday, the city is getting ready for a march towards normalcy.
Permission has been granted to operate export and auxiliary units with full workforce and other industries with 33% workforce. On the first day, business is expected to be dull as most of the traders and industrialists would be busy with maintenance work because the premises would be reopened after two months.
J James, district president of Tamil Nadu Association of Cottage and Micro Enterprises (Tact), said that industrialists using machines like computer numeric control (CNC) machines would take at least one week to 10 days to repair them. “We have to shell out at least Rs 8,000 to Rs 10,000 to repair machines, apart from reinvesting in the business. Many industrialists, especially micro industry owners, would have exhausted most of their savings d
Coimbatore: Ahead of the virtual GST council meeting on Friday, members of Coimbatore Tirupur Districts Micro and Cottage Entrepreneurs Association (C.
Coimbatore: Industrial bodies here on Friday extended congratulations and best wishes to DMK chief M K Stalin, who was sworn in as the chief minister of Tamil Nadu, and urged him to take measures to check the spread of Covid-19. The Coimbatore Tirupur Districts Micro and Cottage Entrepreneurs Association (Cotma) urged the CM to take steps to ensure uninterrupted oxygen supply to hospitals.
Cotma members requested him to control the rising price of raw materials including steel and pig iron and to ensure uninterrupted supply of raw materials to domestic industries. They urged him to take steps to provide loans with minimum interest to industries.
Coimbatore: As many as 19 industrial associations came together in the city on Monday to discuss the issue of rising prices of raw materials, includin.
Coimbatore: Industrial associations here welcomed the Tamil Nadu government’s new industrial policy and cheered the decision to triple the subsidy cap on capital investment from Rs 50 lakh to Rs 1.5 crore.
The Coimbatore Tirupur Districts Micro and Cottage Entrepreneurs Association (Cotma) and Indian Chamber of Commerce and Industry (ICCI) called the policy ‘growth oriented’.
“We appreciate the decision to increase the cap on capital subsidy, which was 25% or Rs 50 lakh to Rs 1.5 crore. Today, even small industries have a capital outlay of more than Rs 4 crore because of inflation. Rs 50 lakh was a limit set more than a decade ago,” ICCI president Balasubramaniam said. “This will remove a solid portion of the burden from manufacturers.”