Coimbatore: Pump manufacturers here increased the price of all models by 15% from Friday due to rising cost of raw materials.
Prices of raw materials have increased by 10 to 40% in the last two months along with the price of spare parts, said K Maniraj, president of the Kovai Power Driven Pumps and Spares Manufacturers Association (Kopma). “Despite several requests, the central and the state government failed to take steps to control the price hike. So, we decided to increase the price of all varieties – household, industries and agriculture – by 15% from Friday.”
Meanwhile, members of the Railway Suppliers Association (Rasa) submitted a petition to the railway, requesting to settle bill payments at the earliest. “Even though the railway board has issued two circulars instructing officials to release the MSME bill payments without delay, the bills are much delayed. As railway delays the bill payment, suppliers are unable to complete their orders on time. Store officials