This post was originally published on The Economic Times
MSME entrepreneurs in Noida and Greater Noida have flagged rising costs and policy imbalance following the recent hike in wages and overtime.
At a joint press conference at the Greater Noida Press Club on Friday, industry representatives said the sudden revision in wages has shaken business viability. Sanjay Batra, General Secretary, Laghu Udyog Bharati (Gautam Buddh Nagar unit) said that abrupt decisions are pushing industries toward “near-zero viability,” adding that discussions were held in the morning and wage hikes were implemented overnight. Gupta alleged the move was taken under worker pressure, creating an uneven burden on industry.
“The industry needs relief measures, noting that while wages have been raised by Rs 3,000, the addition of bonuses and ESI pushes the effective increase to over Rs 6,000, creating a heavy burden. He added that businesses are already under severe pressure due to the Iran war, and warned that without government support, units may be forced to shut down or relocate,” added Batra.
Sarabjit Singh, Chairman, Indian Industries Association (IIA), Greater Noida Chapter, said, “The industry expects a special relief package for Noida, similar to the support extended to workers, stressing
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