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Coimbatore: Small and medium industrial units have decided to hold a human chain protest on December 12, urging the state government to reduce power t.

Coimbatore: The constant hike in fuel prices has hit the micro, small and medium enterprises (MSMEs) in the district hard at a time when they are struggling to remain afloat after the lockdown-induced shutdown for nearly two months. On Tuesday, petrol and diesel prices shot up to Rs 101.27 and Rs 94.44, respectively, in the district. J James, district president, Tamil Nadu Association of Cottage and Tiny Enterprises, said the hike in fuel and raw materials had dealt a big blow on the MSMEs, which were struggling to revive from the impact of the lockdown. Pointing out that most of the raw ma...

While the state government has allowed the export and auxiliary units, and industries producing essential items to operate with 25% workforce from Mon

Industries seek early release of support under ECLGS Updated: Updated: Share Article AAA Micro, Small and Medium-scale Enterprises (MSMEs) here have urged the banks to release at the earliest the 10 % assistance announced by the government under the Emergency Credit Line Guarantee Scheme (ECLGS). R. Ramamoorthy, former president of the Coimbatore District Small Industries’ Association, said the units had sought 40 % support when the Scheme was announced last year. However, the government had announced 20 % assistance. It has now provided additional 10 % support. The government should pro...

MSMEs down shutters in Coimbatore Updated: Updated: Share Article Several Micro, Small and Medium-scale Enterprises (MSMEs) here shut down operations voluntarily since Monday. Coimbatore District Small Industries Association (Codissia) president MV Ramesh Babu said almost 90 % of its members had stopped production. Only those who were catering to healthcare sector continued to run the units. A few organisations, including Codissia, had urged its members to stop production in an effort to control the spread of COVID-19. At the SIDCO Industrial Estate at Kurichi, 20 % of the units continued ...