ArticleTrader.com
  

 Main Menu

  Home
  Member Login
  Forum
  Submit Article
  Membership
  RSS Feeds
  Contact Us
  About

 Services

  Article Distribution
  Link Building

 Tools

  ArticleMS
  Directory Tracker

 Categories

  Automotive
  Business
  » Advertising
  » Branding
  » Career
  » Communication
  » Customer Service
  » Management
  » Marketing
  » Networking
  » PR
  » Sales
  » Small Business
  Computers
  Entertainment
  Finance
  Food
  Health
  Home and Family
  Internet
  Legal
  Science
  Self Improvement
  Shopping
  Society
  Sports
  Technology
  Travel
  Writing

187 users online.



 
  » Category Sponsors
  Gifts for your family

Home » Business » Rising raw material prices hurting TN SMEs

davidpar
Article written by davidpar

View Full Profile
Get Html Code
PDF | Print View | Post to your Site

Rising raw material prices hurting TN SMEs

Submitted by davidpar
Tue, 30 Mar 2010

The Coimbatore District Small Industries Association (CODISSIA) has expressed deep concern over the steep hike in prices of chief inputs that is posing a threat to the sustenance and competitiveness of small-scale manufacturing units in Tamil Nadu (TN).

"Key raw materials such as iron and steel as well as other by-products have registered a sharp increase in prices in the recent past, with prices soaring by nearly Rs 3,000 a tonne since January. This, in turn, has pushed up the production costs for SME manufacturing units in the state, thereby making it difficult for them to meet their raw material requirement," said K Ilango, president of CODISSIA.

Sudden spurt in raw material prices has put the small-scale manufacturing firms in turmoil as they are unable to negotiate the price change with their traders as well as customers once they have already entered into an agreement.

"Micro and small industrial units that used to enjoy prominence in both domestic and global markets due to their supplies of low-cost products are now facing the danger of losing their price-competitiveness and subsequently their price-sensitive customers," said BK Bang, proprietor of Mamta Enterprises, a small-sized pump equipment manufacturer in Coimbatore.

TN SMEs have little option but to purchase inputs from local traders to cater to market demand as the stock of these raw materials are not readily available in the market due to lack of regulation on spiralling prices.

For more detail on B2B Portal log on to http://www.bizxchange.in/

 

David Parks is a well known author and has written articles on VAT Calculators and Compound Interest Calculators, suppliers, Manufactures and many other subjects.


Source: ArticleTrader.com
Creative Commons License

Comments

No comments posted.

Add Comment

You do not have permission to comment. If you log in, you may be able to comment.

 Top Authors

 1 Stebee (3270)
 2 limalan88 (2920)
 3 alien82 (2756)
 4 kajuba (2508)
 5 sverdlow (1712)
 6 jamiehanson (1705)
 7 juliet (1691)
 8 MarkeD (1296)
 9 robertoms2003 (1294)
 10 AnthonyF (1244)
 11 articles (1205)
 12 artavia.seo (1148)
 13 spinxwebdesign (1119)
 14 gprather (1071)
 15 LouieLiu (1069)

 Distribution

Article Distribution

  
  Affiliate Program 2Checkout.com, Inc. is an authorized retailer of ArticleTrader.com

0.03s