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Micro or Macro Industries, to takes time to reopens and become normalcy.

Courtesy/By: Srishty Jaiswal | 2020-05-04 10:00     Views : 221

Micro or Macro Industries, to takes time to reopens and become normalcy.

Most of the industries in Karnataka will take time to reopen. To become normal, it takes at least six months time.

Dayanand Reddy, President of Bommasandra Industries Association, says on date May 1, 2020 that if the government eases restrictions then only about half of the industries in the Bommasandra industrial area can open from next week and also said “The entire supply chain is broken due to lockdown”. And may be it remains broken for a certain period as long as the government classified the red and orange zones.

Dayanand Reddy, President of Bommasandra Industries Association, also said “The real fear for us is the future and not the disease” because in Bommasandra Industrial area, out of 3,000 industries, there are about 2,700 means 90% of the total are micro, small and medium industries (MSMEs) which makes tools, dyes and milling machines.

Return to normalcy, industries have to first assess the demand and then they will start production. Before start to produce, they have to maintain their machines, clear their above costs and ensure the salary of workers. The last two are difficult to maintain because of the critical cash process which the industries are facing.

CR Janardhana, President of Industry Chamber FRCCI, said for starts the operation, take at least 10 days time because we have to gather the workers who are diffused (large members of migrants have returned their hometowns), lubricate the machines etc.

BCCI President Devesh Agarwal said “45 days of Lockdown is about 15% of the working day in a year for MSMEs and this sector desperately needs support from the government, if everything is to start functioning again in the nation”.

Small-Scale Industries Association Kassia said that, their companies depend up on automakers and they are facing difficulties for the last one year because of the slowdown in the auto industry and about 20-25% of MSMEs are on the edge to close, due to unable to repay their loans or rent and salary in the last 40 days of lockdown.

 

Courtesy/By: Srishty Jaiswal | 2020-05-04 10:00