News Karnataka
Wednesday, March 22 2023

Belagavi supports AICA of MSME call for strike against price hike on Dec 20

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Belagavi: In support of the call for a daylong closure of all the industries across India on Monday December 20 by All India Council of Association (AICA) of Micro, Small and Medium Enterprises (MSMEs) as a protest against the inaction of the Government regarding raw material price-hike, the Belgaum Chamber of Commerce and Industries (BCCI) along with all the other industrial associations of Belagavi are joining hands, and standing in solidarity with the MSMEs for the hardships faced due to the increase in industrial raw material prices, and inaction of the Government to curtail the unfair and damaging increase in Industrial raw material prices.

It has been decided that the one-day protest will witness closure of all the industries across India and peaceful demonstration with the presentation of Memorandum to the Deputy Commissioner, Belagavi on Monday at 10.00 am. The protestors will register our grievances and express their resentment against the government for taking a long time to intervene in this matter, and thus neglecting MSMEs’ demands.

The MSMEs have been demanding Maximum Retail Price for all raw materials, protection against price escalation for one financial year, price escalation mechanism/formula to be regulation by the Government with price fixation for a period of 3 months, consideration of fresh quotations by PSUs from MSMEs, supply quota of 40% for MSMEs at a concessional rate from steel PSUs, ban on export of Iron ore, steel products and other raw materials, and allowing import of steel materials based on cost and quality requirements at nil import duty among others.

The associations from Belagavi supporting the protest call are Belgaum District Small Scale Industries Association, Institute of India Foundrymen, Belgaum Chapter, Belgaum Foundry Cluster, Confederation of Indian Industry, Belgaum Chapter, North Belgaum Small Scale Industries Association, Kanbargi Industrial Area Association, Micro Industries Association, Belgaum Manufacturers Co-operative Industrial Ltd., Laghu Udyog Bharati, Karnataka (Belagavi Unit), Belgaum Coal & Coke Association Ltd., and Vishveshwarayya Industrial Park, Machhe.

Photo Source: Facebook

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