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Pump
manufacturers in Coimbatore have increased the price of all models by 15 per
cent from the new year due to rising cost of raw materials.
Prices
of raw materials have increased by 10 to 40 per cent in the last two months
along with the price of spare parts, informed K Maniraj, President, 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 prices
of all varieties such as household, industrial and agriculture by 15 per cent
from the new year.â€Â
The 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 are
levying penalty for the delays. While MSMEs are on the verge of collapse due to
Covid-19 pandemic and rising price of raw materials, it increases our burden
further,†stated S Surulivel, President, RASA.
Considering above
issue, it is pertinent to note here that various Ministries governing sector
PSUs have promoted faster clearing of SME payments. MSME minister, Nitin
Gadkari has also informed recently that the government is interested to bring
about a law to clear SME payments within 45 days. Such an effort will help SMEs
to obtain rolling capital and can set a platform for upgradation.
The Coimbatore
SIDCO Industrial Estate Manufacturers Welfare Association (COSIEMA), in a
statement, said it had requested the central government to control the export
and import of the raw materials by imposing suitable customs duty and to form a
committee comprising representatives from industrial associations to monitor
rise in raw material prices.
Indradev Babu,
President, Indian Machine Tool Manufacturers Association (IMTMA) speaking with
Industrial Products Finder (IPF) during IPF Awards stated, “Materials like
steel, copper, aluminium has seen global price hike. It is also believed that
China is importing most of the material which is the reason behind the price
hike. Raw material suppliers in India have found a better market for exports
during the past 7 months.â€Â
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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