New financial year brings uncertainties to industries in Coimbatore, Tiruppur
The Hindu
With the commencement of a new financial year, industries in Coimbatore and Tiruppur stare at uncertainty as COVID-19 cases are spiking again and raw material prices remain uncontrolled. P. Nallathamb
With the commencement of a new financial year, industries in Coimbatore and Tiruppur stare at uncertainty as COVID-19 cases are spiking again and raw material prices remain uncontrolled. P. Nallathambi, president of Coimbatore SIDCO Industrial Estate Manufacturers’ Association, said that the industries were yet to feel the impact of the rising COVID-19 cases. There is no report of many cases in industries in Coimbatore. However, raw material prices continue to be on the rise. Even public sector undertakings are increasing the prices. Though the units have orders they are unable to commit on pricing. Government has to step in and take measures to control the raw material prices, he said. According to J. James, president of Tamil Nadu Association of Cottage and Tiny Enterprises, the micro units were yet to revive from the COVID-19 lockdown last financial year.
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