ENA State 2021-11-11 09:16:08 <p><strong>New Delhi, 11 Nov (KNN)</strong> The Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore are considering to protest against the rise in prices of raw materials.</p> <p>M.V. Ramesh Babu, President of the Coimbatore District Small Industries Association said, The prices keep fluctuating. Two days ago the prices of copper products went up INR 90 a kg and dropped by INR 10 or INR 15 after that. Can we change the prices of the products every day ? We are unable to quote a price for our products. There is a lot of uncertainty. We asked for appointment to meet the Ministers and have made several appeals. But there is no response from the government.</p> <p>The drop in prices benefits MSMEs while the hike in prices pose huge losses for the units.</p> <p>We need a solution to the issue that is on for almost a year. Hence, the industry associations here are in talks to decide on the future course of action, he added.</p> <p>He stated that many MSMEs have informed him that there are no orders this month owing to the high prices of raw material.</p> <p>It is suggested by the association that the government should imply zero rate on import duty and should ban export of iron ore and other raw materials.</p> <p>The administration should provide subsidies to MSMEs for the procurement of raw materials along with GST based funding system for the small units to grow.</p> 27642 https://knnindia.co.in/news/newsdetails/state/heavy-losses-due-to-raw-material-price-hikes-force-coimbatore-msmes-to-protest 2021-11-11 09:16:08 knnindia.co.in