Job working MSMEs in Coimbatore fear loss of more business
1 year, 11 months ago

Job working MSMEs in Coimbatore fear loss of more business

The Hindu  

Several micro and small-scale industries here that manufacture small components fear loss of business for job working units as industries are sourcing increasingly from other States. The job working units reduced the working hours from 16 to eight and may reduce it further, says C. Sivakumar, president of Coimbatore and Tiruppur Districts Tiny and Micro Enterprises Association. According to V. Thirugnanam, president of Coimbatore District Small Industries Association, with the current trend in business, job working MSMEs are likely to lose more jobs in the coming years. Mr. Sivakumar says the government should step in with measures to support the job working micro and small-scale units in this situation so that the MSME sector is able to move forward.

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History of this topic

Industrial organisations have strongly opposed tariff hikes, saying industries in TN are facing recession
5 months, 1 week ago

Industrial organisations have strongly opposed tariff hikes, saying industries in TN are facing recession

New Indian Express  

COIMBATORE: Industrial organisations in Coimbatore and Tiruppur districts have strongly opposed the power tariff hike, saying that industries in Tamil Nadu are already facing a recession-like situation and the hike would sound the death knell for the industries. The Federation of Coimbatore Industrial Association, a common body for 23 industrial associations, said the power tariff hike would destroy micro and …

Majority of the micro units in Coimbatore district lack insurance coverage for machinery and stocks
1 year ago

Majority of the micro units in Coimbatore district lack insurance coverage for machinery and stocks

The Hindu  

Micro, Small and Medium-scale Enterprises in Chennai that are affected by cyclone Michaung are submitting claim applications to insurance companies as machinery and stocks are damaged in the floods. In Coimbatore, which is a major MSME cluster, almost 90 % of the micro units do not have insurance coverage. J. James, president of Tamil Nadu Association of Cottage and Tiny …

MSMEs in Tamil Nadu to go on strike on September 25
1 year, 3 months ago

MSMEs in Tamil Nadu to go on strike on September 25

The Hindu  

Micro, Small and Medium-scale Enterprises in Tamil Nadu will down shutters on Monday, September 25, demanding the Tamil Nadu government to withdraw the hike in fixed power charges and peak hour charges. About 165 associations in Tamil Nadu will take part in the strike, resulting in loss of work for a day for almost three crore labourers, said V. Thirugnanam, …

Tamil Nadu Government will support MSMEs to cater to emerging sectors, says Industries Minister T.R.B. Rajaa
1 year, 6 months ago

Tamil Nadu Government will support MSMEs to cater to emerging sectors, says Industries Minister T.R.B. Rajaa

The Hindu  

The State government will do a study of the Micro, Small and Medium-scale Enterprises in the State and take measures to enable these units cater to the emerging sectors, said Minister for Industries, Investment and Commerce T.R.B. On industrial development in the western districts of the State, Mr. Rajaa said availability of land was a major challenge. Regarding development of …

MSMEs not static, but growing in size, asserts Finance Ministry
1 year, 8 months ago

MSMEs not static, but growing in size, asserts Finance Ministry

The Hindu  

The Finance Ministry has sought to dismiss the “narrative” that India’s micro, small and medium enterprises are stagnating, citing data that it asserts shows smaller firms evolving into larger units in recent years. In its recent monthly economic review for February, the ministry had said the number of micro units graduating to small units had increased to 65,140 in 2022-23, …

Govt Working Relentlessly To Ensure Conducive Environment For Small Businesses: MSME Secretary B B Swain
1 year, 9 months ago

Govt Working Relentlessly To Ensure Conducive Environment For Small Businesses: MSME Secretary B B Swain

News 18  

The government is relentlessly working towards ensuring a conducive environment for micro, small and medium enterprises, and the number of registered MSMEs has now reached 1.64 crore generating 10.73 crore jobs, said MSME Secretary B B Swain on Wednesday. The figure of 10.73 crore employment generated is based on self-declaration by MSMEs and the sector is surely on its way …

MSMEs in Coimbatore demand measures to increase fund availability
1 year, 10 months ago

MSMEs in Coimbatore demand measures to increase fund availability

The Hindu  

Industries, mainly the Micro, Small and Medium-Scale Enterprises in Coimbatore district, have appealed to the Union government for measures that will give financial boost as markets have slowed down and fund availability for the units has taken a hit. President of Indian Chamber of Commerce and Industry, Coimbatore, B. Sriramulu said that since the export markets are facing a slowdown, …

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