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Lockdown-hit industries in first gear | Coimbatore News

Lockdown hits activities at MSMEs

Lockdown hits activities at MSMEs Updated: Updated: Share Article AAA Total lockdown has led to work from home option catching on in IT, ITES and even a number of corporate companies. However, for the Micro, Small and Medium-scale Enterprises (MSMEs) in the manufacturing sector, all activities have come to a standstill. According to K.V. Karthik, president of Southern India Engineering Manufacturers’ Association, there is less than 5 % administration work at MSMEs in the manufacturing sector. If there is no revenue generating activity, there is no income. Hence, there is nothing much that can be done by the staff from home. Work from home option cannot apply to manufacturing units, he said.

Industries welcome announcements for MSMEs

Industries welcome announcements for MSMEs Updated: Updated: Share Article AAA Industries in Tiruppur and Coimbatore have welcomed the announcements by Tamil Nadu Chief Minister M.K. Stalin for the Micro, Small and Medium-scale Enterprises (MSMEs). According to M.V. Ramesh Babu, president of Coimbatore District Small Industries Association, the assurance that steps will be taken to vaccinate all eligible workers, and time for statutory steps, will help the MSMEs at this juncture. The Southern India Engineering Manufacturers’ Association (SIEMA) president K.V. Karthik said the State government had fulfilled the demands of the industry within 48 hours of the industries placing their requirements. Extension of the MOD charges exemption, release of ₹168 crore, etc., would benefit the industries, he said.

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