date:Jan 06, 2016
dia (CEPCI).
Nearly 50 per cent of the factories in the organised sector continued to remain closed from April 1, following a substantial hike in the wages by the state government and high raw nut prices. As a result, exports continued to decline, adversely affecting the industry on the export front, Sundaran Prabha, Chairman, CEPCI, told BusinessLine.
However, good persisting domestic demand, he said, is presently supporting the industry but how long it will sustain cannot be predicted, he sa