TAMIL NADU

Small units seek Prime Minister's intervention

CHENNAI DEC. 24. The Tamil Nadu Small and Tiny Industries Association (TANSTIA) has written to the Prime Minister, A.B. Vajpayee, on the rise in the price of essential raw materials leading to closure of foundries. They demanded that the Government ensure that the raw materials are supplied at stable prices at least for six months.

``If there is a way to neutralise the price hike the SSI (small scale industries) sector would be willing to move in that direction, but they are selling in a buyers market,'' the association said.

The Government should think of some alternative schemes to ensure the supply of pig iron, coke, scrap iron, aluminium, copper, plastic raw materials, etc. at stable prices to the foundry units and SSI units working in the engineering and allied sectors.

It was high time the Prime Minister, who had voiced concern about the sector, stepped in, the letter said.

Recommended for you