Industry leaders have presented varied views on the Railway Budget 2013-14. SupportBiz shares a few of them.
Scarcity of water and unavailability of coal at cheap prices is hampering the growth of the roofing tiles industry in Bankura, West Bengal. These factors have become major hurdles in the smooth flow of operations in the industry, according to manufacturers.
The hike in LPG cylinder prices has forced people in Amritsar to use biogas for cooking, an attempt to cut down on their monthly expenditure. The shift has helped residents in rural areas who are now making money selling cow-dung cakes.
Increasing yarn prices are adversely affecting business for garment manufacturers in Ludhiana. Customers will now have to shell out more money to buy clothes, as prices are all set to double soon, according to garment manufacturers.
Insufficient monsoon rains in India, where over 60 percent of the farmland is rain-fed, could push up vegetable prices by March next year, according to an industry body.
Buying rubber locally in India, the fourth biggest producer of natural rubber, continues to remain expensive. On Friday, the spot price of the RSS-4 rubber in India was Rs.172.85 per kg while the Malaysian SMR 20, imported by tyre makers, was priced at 149.87 per kg, according to an India-based commodities trading firm.
Lower production in the 2012-13 season and hoarding by growers and traders could push up Turmeric prices in India, the largest grower and exporter of the yellow spice, according to an India-based commodities trading services provider.
Low supplies with farmers adopting a wait-and-watch stance are pushing up turmeric prices in India, the largest grower and exporter of the yellow spice, but farmer-joy will be short-lived because lower than normal monsoon rains could leave them with little or nothing to sell in the 2012-13 season, said a local turmeric merchants association.
The hand tools industry in Ludhiana has witnessed a huge growth in 2012. The industry is developing as a major export zone, according to the manufacturers.
Odisha Chief Minister Naveen Patnaik has asked the central government to maintain a constant price of fertilisers to protect the farmers from exploitation. "There has been a sudden spurt in the prices of fertilisers, specifically of de-controlled phosphatic and potassic fertilisers," Patnaik said in a letter to Union Chemicals and Fertilisers Minister MK Alagiri.