manufacturing – Artifex.News https://artifex.news Stay Connected. Stay Informed. Thu, 04 Sep 2025 18:12:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png manufacturing – Artifex.News https://artifex.news 32 32 MSMEs to be hit by 18% GST for job work https://artifex.news/article70012791-ece/ Thu, 04 Sep 2025 18:12:00 +0000 https://artifex.news/article70012791-ece/ Read More “MSMEs to be hit by 18% GST for job work” »

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Representative image
| Photo Credit: Reuters

The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs).

C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of the job working/sub-contract industries in the manufacturing sector is the reduction of GST on job work to 5% from 12%. However, the government has increased it to 18%. This will create several challenges for the job working in micro and small-scale industries, he said.

The Coimbatore District Small Industries Association has urged the government to have a relook at the rates for job work. The government should put in place a system so that lower GST rates for job work benefit the MSMEs that are vendors to larger industries and get only labour charges. The 18% duty will block the liquidity for the MSMEs, it said.

Published – September 04, 2025 11:42 pm IST



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]]> Job creation is key for advancement of the country, says Rolls-Royce India president https://artifex.news/article68263937-ece/ Fri, 07 Jun 2024 15:17:45 +0000 https://artifex.news/article68263937-ece/ Read More “Job creation is key for advancement of the country, says Rolls-Royce India president” »

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Kishore Jayaraman, president of Rolls-Royce, India and South Asia, spoke at a session on “Smart Manufacturing” organised by TexasVentures and CODISSIA in Coimbatore city on Friday June 7, 2024.
| Photo Credit: PERIASAMY M

Creation of jobs is key for advancement of the country, said Kishore Jayaraman, president of Rolls-Royce, India and South Asia, in Coimbatore city on Friday.

Speaking at the Global Manufacturing Cluster Vision 2030 conference on Smart Manufacturing, organised by Texas Ventures and CODISSIA as a part of the Intec 2024 industrial fair, Mr. Jayaraman said India has the brainpower and skills. Jobs should be created for these skilled people. The Micro, Small and Medium-scale Enterprises (MSMEs) need to scale up and generate jobs. Industries scaling up capacities is vital for India and job creation is key to advancement. The MSMEs are significant players to generate jobs.

Most of the western world wants to come to India to set up manufacturing capacities because of the skill capability available in the country. Significant number of jobs will be generated when a number of factories grow at the same time, he added.

Mr. Jayaraman pointed out that Coimbatore has some of the well-known large-scale companies that are present here for decades, over two lakh MSMEs, more than 75 engineering colleges, and ₹1.25 lakh crores worth manufacturing annually with ₹45,000 crores worth exports. It has engineering capability, skills, and the ability to scale up. But, it should also be able to talk loudly about its successes, he added.

K. Balasubramanian, chairman of Precision Group of Companies, spoke about the need for inventory management in companies. Sathiya Seelan, vice president – design styling of Ashok Leyland, highlighted the need for particularizing for a stable economy.

Subathra Mylsamy, partner of AK Mylsamy & Associates, and M. Thirumalai Kumar, head of Research Group, Autonomous Systems & Control – India, were the other speakers.



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