Steep drop in demand for pumpsets hits MSMEs
The Hindu
More than 50 % drop in demand for pumpsets used at houses (residential use pumpsets) for about a month has hit the micro, small and medium-scale enterprises (MSMEs) here.K.V. Karthik, president of Sou
More than 50 % drop in demand for pumpsets used at houses (residential use pumpsets) for about a month has hit the micro, small and medium-scale enterprises (MSMEs) here.
K.V. Karthik, president of Southern India Engineering Manufacturers’ Association (SIEMA), said a large number of large companies that sold branded residential pumpsets across the country sourced their requirements from the industries in Coimbatore. These companies had reduced their sourcing now. A substantial volume of residential pumpsets were made here.
Vice-president of the Association Ma. Sendil Kumar added that the drop in demand was because of two or three factors.
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