Wednesday, February 17, 2010

Points to Ponder

The payments due to the MSMEs, for the supplies effected by them to the automobile industry alone, is claimed to be around Rs 2,000 crore-Rs 3,000 crore
MSMEs consumed about 30-35 per cent of the key raw materials such as copper, zinc, aluminium and steel.
The price of copper zoomed from $6000/tonne to $9100/tonne within a period of a month in July-Aug 2008 in the international market and taking cue from it, domestic producers also hiked the rates, which left the consuming industries at a huge cost disadvantage as the domestic industries could not absorb the increase in prices
70-80 per cent of the components needed by the major industries were supplied by the micro and small enterprises


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