High raw material prices threaten survival of MSMEs

A steep increase in raw material prices in the last few months threatens the survival of micro, small and medium enterprises (MSMEs) in the manufacturing sector, the All India Council of Associations of MSMEs said.
The council, which has about 170 MSME associations from different States as its members, pointed out that copper prices had increased by 110% this month compared with April last year. Prices of aluminium alloy had risen 94%, mild steel plates by 82% and CRCA sheets by 96%.