400 foundries halt production in Coimbatore over raw material price hike
The foundries, affiliated to the Coimbatore Tiny and Small Foundry Owners Association (COSMAFAN), stopped production indefinitely, resulting in a loss of Rs 30 crores daily, its president Shiva Shanmughakumar said
PTI | December 16, 2020 | Updated 17:10 IST
Coimbatore and Tirupur Medium Industries Association with nearly 50,000 units has also given a call to down shutters for a day on Wednesday
About 400 small and tiny foundries in the district remained silent on Wednesday as part of their indefinite strike to draw the attention of the Centre to the spiralling price of raw materials since the last two months.