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.
