fintech / news / / Times of India
More than 30,000 entrepreneurs engaged in job work across the Coimbatore district are facing mounting pressure.
Over 30,000 micro and cottage industry entrepreneurs in Coimbatore face risk of closure.
KEY POINTS
- Manufacturers have cut job order hourly rates for three consecutive years despite rising costs.
- Raw material prices for these units have surged by 50% to 100% in two years.
- CNC machining units now receive ₹150 per hour, down from the ideal ₹350 rate.
- Manufacturers increased product prices by 10%-20% but did not pass benefits to job workers.
COMPANIES
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