Pumpset manufacturers fear slowdown
Updated:
Updated:
Share Article
AAA
The pumpset manufacturers fear that farmers, who are dependent on pumps for irrigation, may delay their purchases because of the increase in prices and this can lead to a slowdown in the pumpset industry.
The Indian Pump Manufacturers’ Association, Southern India Engineering Manufacturers’ Association, and Rajkot Engineering Association, representing 99 % of the pump manufacturers of the country, discussed at a meeting held on Wednesday the issues of steep hike in raw material prices and its impact.
According to a press release from the Associations, prices of copper, steel rods, PVC resin, and craft paper, have all increased more than 10 %.