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Chip Shortage Threatens To Hurt Paintmakers During Festive Season
A chip shortage is hurting supply of tinting machines for paint makers. That couldn't have come at a more inoppurtune time.
The paint industry is the latest to bear the brunt of the global shortage of semiconductors that has already hurt car to two-wheeler and electronic goods makers. And that comes just ahead of India's festive season.The chip crunch has hit the supply of tinting machines, central to the distribution of the colourants. That has slammed the brakes on expansion of paintmakers, particularly newer firms.The machines, costing up to Rs 2 lakh ...
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