Pumpset manufacturers to hike prices as Coimbatore MSMEs are hit by high raw material costs

Pumpset manufacturers successful Coimbatore volition hike the prices of pumpsets, including those utilized successful agriculture, by 7.5 % to 10 % adjacent month, isolated from a 10 % leap this month.

According to Mithun Ramdas, president of the Southern India Engineering Manufacturers’ Association, the past six months person seen “unprecedented” spiralling of earthy worldly prices. The outgo of copper is up 50 % from ₹800-₹850 a kg to ₹1,200 a kg now. The outgo of aluminium, formed iron, steel, cables, and polymers are each up resulting successful 20 % leap successful accumulation cost.