Coimbatore: Members of the Federation of Coimbatore Industrial Associations (FOCIA) have presented their demands to the CPM general secretary, Sitaram Yechury, during his recent visit to the city and urged him to include them in the party’s election manifesto. They also requested him to raise their demands in the Parliament through the party MPs.
Their demands were to control the increasing price of raw materials, form GST rectification and reform committee, provide separate identity to nano and cottage industries and settle bill payments to micro, small and medium enterprises (MSMEs) in a month, among others.
In a press statement, the FOCIA said the price of raw materials had been increasing continuously for the past few months and no steps have been taken to regulate the same, despite several representations to the government. “We request the government to regulate the price rise by imposing one year one price policy, fixing maximum allowed price and forming a raw material
Industrial, voluntary associations in Coimbatore list demands to be included in manifestos
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Plan to organise meetings with political parties after candidates are announced
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Plan to organise meetings with political parties after candidates are announced
Coimbatore With the Tamil Nadu Assembly election just a few weeks away, industrial and voluntary associations are listing the demands for different sectors and the city. Their main expectation is their demands should be included in the manifestos to be released by the political parties.
The Indian Chamber of Commerce and Industry, Coimbatore, usually holds meetings with the main candidates who will contest here and submit the demands to them. “We plan to organise a similar meeting this year too after the candidates are announced,” said C. Balasubramanian, president of the Chamber. “We also look at the demands we had placed in the previous elections and see how much of it are met,” he added
Customs Duty cut expected to bring down raw material prices
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Engineering units in Coimbatore will benefit from the Budget proposal
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Engineering units in Coimbatore will benefit from the Budget proposal
The Union Budget announcement on Monday reducing Customs Duty on steel and ferrous and non-ferrous scrap is expected to bring down raw material prices for the engineering units in Coimbatore.
According to the Coimbatore District Small Industries Association president M.V. Ramesh Babu, several announcements are expected to benefit the MSMEs. For metal recyclers, import duty is exempted till end of March next year.
Indian Chamber of Commerce and Industry, Coimbatore, president C. Balasubramanian, said the government had taken the right steps in the budget and planned to increase its spending in different sectors. Coimbatore was a hub for textiles and MSMEs and the announcements would benefit these sectors. A mega textile park should be established h
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COIMBATORE: The Federation of Coimbatore Industrial Associations (Focia) has sent a set of demands to political parties, requesting them to include it in their assembly election manifestos.
Focia urged the parties to form a committee to control the rising price of raw materials, a welfare board for the workers of micro and small units, and settlement of bill payments to MSMEs.
“For the last three months, price of raw materials has been increasing, and despite submitting several representations to control it, no steps were taken. We request the government to form a raw materials price monitoring committee by including representatives from MSMEs and impose a one year-one price policy,” Focia coordinator J James said. “Price of raw materials while signing agreement with companies has gone up several times. We are forced to make products for loss as we have to handover products to companies, especially to the public sector, without delay to prevent from ge
Industry associations to form consortium for purchase of raw materials
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Industry associations in Coimbatore that have members in the engineering sector have decided to form a consortium for purchase of raw materials directly from the manufacturers in bulk.
This was decided at a meeting held by the associations here on Thursday with government officials and representatives of SAIL and Vizag Steels.
A press release from Coimbatore District Small Industries Association (CODISSIA) said that following the steep hike in raw material prices in the last few days, the units were unable to sustain production. Hence, it was decided on Thursday to form a consortium. This will benefit the units in the long-term too. The associations have been asked to talk to the member units and submit details of the raw material requirements within three to four days.