Small industries' body asks for 'fair price' shops to source raw materials
In a submission before Finance Minister Nirmala Sitharaman on February 20, CIA pointed out that the biggest concern for MSME at the moment is availability of raw materials in time and at reasonable price
Joe C Mathew | February 21, 2021 | Updated 19:48 IST
CIA asks for 'fair price' shop to provide raw materials at low cost for MSMEs
Consortium of Indian Associations (CIA), a 30 member group of micro and small industry associations, has asked for a 'fair price' shop kind of arrangement to provide raw materials at low cost for MSMEs.
In a submission before Finance Minister Nirmala Sitharaman on February 20, CIA pointed out that the biggest concern for MSME at the moment is availability of raw materials in time and at reasonable price." Traders are rigging the market with their whims and fancy pricing. The National Small Industries Corporation (NSIC) must implement a PDS like ration card system to micro enterprises for supply of essential raw materials at fair price and in small quantities at least at Industrial estates and parks to start with and make them available on credit basis", says K.E.Raghunathan, convenor, CIA.