What next for AICA?
The first burning issue taken up by AICA is the “Spiralling Cost of Raw Materials” which is threating the sustenance of the MSME's of the country. It is felt that the raise in the prices of raw materials is not propotional to the increase in their manufacturing costs, which is evident from the fact that declared profit of corporates manufacturering these base raw materials particularly iron and steel have by more than 100%. The corporates have also declared that they will be debt free in the next few months, where as the MSME's of the country will be heavily in debt and susteance will be a big question mark.
