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COIMBATORE: After the state government granted permission to reopen all shops, including stationary, footwear, electrical, electronic and hardware from 9am to 7pm from Monday, the city is getting ready for a march towards normalcy. Permission has been granted to operate export and auxiliary units with full workforce and other industries with 33% workforce. On the first day, business is expected to be dull as most of the traders and industrialists would be busy with maintenance work because the premises would be reopened after two months. J James, district president of Tamil Nadu Association of Cottage and Micro Enterprises (Tact), said that industrialists using machines like computer numeric control (CNC) machines would take at least one week to 10 days to repair them. “We have to shell out at least Rs 8,000 to Rs 10,000 to repair machines, apart from reinvesting in the business. Many industrialists, especially micro industry owners, would have exhausted most of their ....
COIMBATORE: A sudden increase in raw material prices has prompted the Federation of Coimbatore Industrial Association (Focia) to urge the central government to form a price monitoring committee and fix a cap limit on the prices. “Price of steel, copper, aluminium and zinc has gone up by 16 to 25% in the last two months. That of materials like PVC pipes and ABS plastic have gone up by 140%,” Focia coordinator J James told reporters on Wednesday. The last time industries witnessed such a price rise was in 2017, when the central government introduced goods and service tax (GST), he said. “After struggling for months, we have started to recover from the brunt of Covid-19 pandemic. But due to the price hike, companies are forced to reduce production.” ....