MSMEs to draw government’s attention to rising raw material prices
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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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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.