NEW DELHI: The price of matchbox has been increased after 14 years. A matchbox will cost Rs 2 with effect from December 1.
The MPR of matchboxes was last revised from 50 paise to Re 1 in 2007.
The decision to raise the price was taken in the meeting of the All India Chamber of Matches at Sivakasi on Thursday.
A rise in prices of raw materials has been attributed to the move.
In view of the situation, the All India Chamber of Matches passed a resolution unanimously to raise the price of matchboxes by Re 1 to Rs 2.
Currently, a bundle of 600 matchboxes (with 50 matchsticks in each box) is sold for Rs 270 to Rs 300.
The matchbox-making industry provides direct or indirect jobs to around 4 lakh people in Tamil Nadu.
Of them, 90 percent are women. By increasing the price of matchboxes, the industry hopes to pay better wages to these workers.
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