Jalandhar: Upset over rising cost of inputs, businessmen stage protest today : The Tribune India
Jalandhar, March 8
Disturbed by rising commodity prices, all industrial traders and Khel Udyog Sangh members planned to protest outside the office of the Engineering Export Promotion Council at the focal point here on Wednesday afternoon.
Almost all industry organizations, including members of Focal Point Extension Association, Udyog Nagar Manufacturers’ Association, Auto Parts Manufacturers’ Association, Industrial Estate Association, Auto Parts Manufacturers’ Team hand tools and the pipe fitting/foundry/forging industry also announced their participation in the call. .
Narinder Sagoo, president of the Focal Point Extension Association, said the decision was made because there had been a daily increase in commodity prices and no effort was being made from the government side to control the price spike.
A meeting to set tomorrow’s program was also called today by Khel organizer Udyog Sangh Vijay Dhir and co-organizer Praveen Anand at the sporting goods market near Football Chowk. Sporting goods manufacturers decided they needed to file protests to wake up the government and ask for its intervention on the issue.
Manufacturers of gym and fitness equipment said rising iron and nickel prices had pushed up prices for finished products, hurting their sales.
The owner of the sporting goods company, Ravinder Dhir, said the price of nickel went up from Rs 2200 per kg to Rs 6000 per kg, zinc went up from Rs 200 per kg to Rs 290 per kg, the bronze from Rs 200 per kg to Rs 300 per kg, steel from Rs 42 per kg to Rs 68 per kg, dioctyl phthalate (DOP) from Rs 139 per kg to Rs 189 per kg, heat stabilizer from Rs 200 per kg to Rs 245 kg and solvent oil from Rs 60 per liter to Rs 100 per litre.
He said even the price of wood used as fuel had risen in recent days and industry representatives suspected hoarding and black-marketing by traders in the name of raw material shortages due to the Ukraine-Russia war. .
Taking a swipe at the BJP-led central government, Dhir said the party that had promised a dual-engine government was failing to function even with a single engine.