Fear and loathing in India’s small factories
Coimbatore would have been an ideal location for a ‘Make in India’ push. Then, the slowdown changed everything
Coimbatore’s small and medium units will be keenly watching the budget. However, short-term concessions may not help much in the absence of a long-term strategy to revive manufacturing
COIMBATORE : As P. Murugan walked towards his factory one last time, the mood was distinctly sombre and he wouldn’t utter a single word. The factory, Priya Precision Tools, lay nestled in the industrial heart of the southern Indian city of Coimbatore.