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COIMBATORE The Coimbatore District Small Industries Association (CODISSIA) will start the construction of its Defence incubation and innovation centre shortly.The facility will come up at the CODISSIA
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Industries in need of skilled workforce get support from the Central and State governments through various schemes to train the workers. However, shortage of labourers and lack of awareness among industries are challenges, say sources here.
Under the Amma Skill Training and Employment Scheme, the district is looking at training 1,200 candidates this financial year. The candidates should have passed class VIII and aged less than 45. They should be residents of Tamil Nadu with a family card. So far, 690 candidates were identified and 190 have submitted documents. The trainees get stipend of ₹ 5,000 a month during the six month training. Of this, the government gives ₹ 2,000.
Customs Duty cut expected to bring down raw material prices
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Engineering units in Coimbatore will benefit from the Budget proposal
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Engineering units in Coimbatore will benefit from the Budget proposal
The Union Budget announcement on Monday reducing Customs Duty on steel and ferrous and non-ferrous scrap is expected to bring down raw material prices for the engineering units in Coimbatore.
According to the Coimbatore District Small Industries Association president M.V. Ramesh Babu, several announcements are expected to benefit the MSMEs. For metal recyclers, import duty is exempted till end of March next year.
Indian Chamber of Commerce and Industry, Coimbatore, president C. Balasubramanian, said the government had taken the right steps in the budget and planned to increase its spending in different sectors. Coimbatore was a hub for textiles and MSMEs and the announcements would benefit these sectors. A mega textile park should be established h
Coimbatore: Associations of engineering industries have decided to form a consortium to purchase raw materials directly from manufacturers like SAIL and Vizag Steel to minimize the impact of price rice and meet the growing demand.
A decision in this regard was taken at a meeting that industrial associations held with government officials and representatives of SAIL and Vizag Steel on Thursday.
M V Ramesh Babu, president, Coimbatore District Small Industries Association, said, “Usually, the price of raw materials remains stable without much fluctuations for two to three months. So, we could afford to manufacture and handover the products for the quoted price. But now the raw materials’ price changes every few hours. With the fluctuation, it is difficult to manufacture a product for the quoted price, because by the time we fix an order and purchase raw materials, the price would increase.”