New Delhi, Jan. 24 -- A quality control order (QCO) intended to strengthen domestic manufacturing has derailed the business of a Jaipur-based MSME firm, prompting the industry body Federation of Indian Micro and Small & Medium Enterprises (FISME) to urge the government to defer the enforcement of contentious directive.

"Our turnover has plummeted fr0m Rs 18 crore in the financial year 2024-25 to Rs 3.5crore in the current fiscal. In terms of volume, it has come down to just 8 tonnes of fasteners fr0m 60 tonnes per month earlier," said Shaunak Rungta, Director at Vardhan group which deals in hardware fittings.

Rungta appeared quite frustrated given his recent struggle to get his fastener consignment cleared fr0m the port. He could secure...