Jitan Ram Manjhi, Union MSME Minister who was in Coimbatore on Thursday assured to convey the issues faced by the industry due to raw materials’ price-hike with the concerned ministers, and also assured to share the solutions suggested by the industry for the same with the ministers.

MSME Minister Jitan said this while interacting with the press and media at the sidelines of an Industry Interaction Meeting facilitated by Coimbatore District Small Industries Association (CODISSIA), here.

As the raw material price-hike issue has been seriously affecting the MSMEs in the country, a suggestion from the industry stakeholders to deploy a raw material assistance scheme in Coimbatore, like it has been done in Chennai through National Small Industries Corporation, was made. The Minister said that it has to be discussed with Industry, Finance and Steel Ministry, and he assured to convey this suggestion.

When he was asked whether he will recommend the finance or commerce ministry  for deduction of import duty on raw materials, he said for this a coordination with various ministries is required. At the same time, he assured to coordinate with the ministers  about this request, so that it may help in controlling the raw materials price-hike, and eventually benefit the industry.

The minister also launched CODISSIA’s MSME Handbook, Industry-Academia initiative and Coimbatore MSME Database.

(More on this soon)