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Can TN float Credit Guarantee Corporation to rescue sick factory units?

Covid-19 Second wave chokes industrial units, livelihoods- The New Indian Express

Express News Service CHENNAI/TIRUNELVELI/TENKASI: Several units at industrial estates in Chennai are struggling to survive owing to workforce shortage as the labourers had left for their native following the second wave.  Many units in Guindy have shut down, says Industrial Estate Manufacturers Association president KV Kanakabaram. “A lot of people tested positive here and the so the labourers left for their hometowns. Even I had to close down my unit,” he said. All eyes are now on the packages that could be announced by MK Stalin after he assumes the Chief Minister office, to support the ailing small scale industries. 

Chennai s small industries battle to meet orders as workers test positive in COVID second wave

Express News Service CHENNAI: Small and micro industries in Guindy and Ambattur are struggling to survive by keeping their units open during the second wave of the COVID-19 pandemic to meet stringent deadlines and ensure they deliver their orders on time. With many of the employees testing positive and the workforce declining, deadlines are not being met and they risk being blacklisted by larger companies who have given them orders. Small industries are a vulnerable lot and with the rise in cases in the second wave of the pandemic and migrant workers fleeing, it is difficult to meet deadlines, says T V Hariharan, president of Chennai District Small Scale Industries Association.

Small and medium industries hit by bank strike

Small and medium industries hit by bank strike ​ By IANS | Published on ​ Mon, Mar 15 2021 17:51 IST | ​ 3 Views Small and medium industries hit by bank strike. Image Source: IANS News Chennai, March 15 : The small and medium industries in Tamil Nadu have been affected by the two-day strike called by the banking trade unions leading to the suspension of banking operations. ATMs across the state have also dried up as banks were not working on Saturday and Sunday owing to holidays and with the two day bank strike commencing on Monday, the money in the ATMs has not been replenished. Around 60,000 bank employees of 160 branches of government owned banks are on a two-day strike in protest against the privatisation of two more banks by the Central government.

As banks in Tamil Nadu shut shop due to strike, ATMs dry up, small industries hit

As banks in Tamil Nadu shut shop due to strike, ATMs dry up, small industries hit The two-day strike has been called to protest against the proposed privatisation of two state-owned lenders by the central government Share Via Email   |  A+A A- As staff of nationalised banks stage a protest against privatisation of banks, the office of a public sector bank wears a deserted look in Chennai on Monday. (Express Photo | Debadutta Mallick) Express News Service CHENNAI: Banking services in public sector banks across the state in the manual mode were disrupted as more than 60,000 bank employees from 160 branches joined the two-day strike to protest against the proposed privatisation of two state-owned lenders by the central government.

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