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MSMEs to draw government s attention to rising raw material prices

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 Share Article AAA 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

Micro and small-scale unit owners seek steps to control raw material prices

Updated: Share Article AAA Members of various industrial associations staging a demonstration in the city on Tuesday.   | Photo Credit: M. Periasamy Micro and small-scale unit owners of nearly 19 industrial associations staged a protest here on Tuesday, demanding steps by the Central and State governments to control prices of raw materials used by these industries. J. James, co-ordinator of Federation of Coimbatore Industrial Associations, said nearly 700 people from different associations took part in the protest. The main demand was control of raw material prices. The protesters also demanded steps by the governments to address the challenges faced by the micro and small-scale units. They sought a separate loan policy by the banks for micro units.

Industry association heads plan to meet Union Minister

Industry association heads plan to meet Union Minister Updated: Updated: Share Article AAA Representatives of industrial associations in Coimbatore plan to meet the Union Steel Minister shortly to explain the problems faced by Micro, Small, and Medium-scale Enterprises (MSMEs) because of the exponential rise in raw material prices in the recent weeks. Heads of the associations that are part of the Joint Council of Associations of Coimbatore told press persons here on Thursday that industries will not be able to continue operations if the price increase continues for a month more. According to them, prices of steel, copper, stainless steel rods, AMINE gas, PVC resin, aluminium have all increased multi fold.

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