War impact: MSMEs seek relaxation of mandatory norms for government orders
MSMEs in Tamil Nadu are requesting the government to relax mandatory norms for government orders due to the impact of geopolitical tensions. They are facing challenges such as increased input costs, disrupted supply chains, and extended delivery timelines. The MSMEs are urging for measures to control raw material prices and improve financial support.
- ▪MSMEs in Tamil Nadu are appealing for relaxation of mandatory norms for government orders.
- ▪They are severely impacted by geopolitical tensions, leading to increased fuel prices and disrupted supply chains.
- ▪The current situation has caused substantial input cost escalation and affected production schedules.
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The Micro, Small and Medium Enterprises (MSMEs) in Tamil Nadu have appealed to the State and Central governments to relax the mandatory norms that they need to adhere to for government orders.Sudhakar Sundaravel, national head of the MSMEs domain of the All India Congress Committee Professional Congress, said the State government should extend delivery timelines for the purchase orders it has issued to four months without invoking the liquidated damages clause. The Centre has issued similar relief measures for its Departments and PSUs.He explained that the 47-lakh registered MSMEs in the State are severely impacted by the geo-political tensions and war situation involving the US–Israel and Iran as there is a steep increase in fuel prices, the Indian rupee is weakening, the global supply…
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