While welcoming the Central Government’s sops to automobile industry, the fabrication engineering sector in Tiruchi region is, however, disappointed over the absence of any stimulus package for its revival from its present sick condition.
Compared to the auto sector that has been affected only in recent months, the fabrication industry has been ailing for years at a stretch and has now plunged into a state of despair.
Tiruchi has now ceased to be the ‘boiler capital of India’ it was known as until a few years ago.
“The Central Government is yet to come out with concrete measures to revive the fabrication industry in Tiruchi even after several representations were made,” president of BHEL Small Industries Association Rajappa Rajkumar said.
Now that BHEL’s order position has improved, the government can seriously consider extending its help for revival of fabrication engineering ancillaries in the region, Mr. Rajappa Rajkumar said.
“Special concessions must be extended to the stressed units. At least for a year, the government must relax GST and prevail upon banks to stop legal actions,” he added.
The Central government has to to encourage power utilities to prioritise BHEL for awarding orders. Once the orders start flowing, the revival is bound to happen, president of Tiruchi District Tiny and Small Scale Industries Association N. Kanagasabapathy said.
A small solace is that the district administration is doing its part to safeguard small fabrication units from legal action.
A special financial package for the fabrication industry at this juncture will go a long way in reviving the engineering industry before it goes for a free fall, Mr. Kanagasabapathy said.