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The downtime that will have a profound impact on the Maharashtra economy: Industrial bodies

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The Indian industry on Wednesday said the suspension of the Maharashtra firm would help slow the transmission of the coronavirus but would have a significant impact on the country’s economy.

On Tuesday the Maharashtra government announced a curfew 15 days from Wednesday amid a series of coronavirus cases in the province. Home placement, which frees up important activities, will take effect from 8 p.m. Wednesday.

The industry has stressed to the provinces that there should be no closure.
The industrial organization FICCI said it had a partnership with the Maharashtra government and the room shared the views of its members on policy and operational matters.

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“We hope that these (restrictions) will help reduce the transmission of the virus. However, the closure will have a significant impact on the state economy and FICCI Maharashtra will work closely with government stakeholders to reduce the impact and smoothness without problems related to the implementation,” said FICCI chairman Sulajja Firodia Motwani. Maharashtra.

He said there were concerns on the supply and service side. Also, on the supply side, many companies operating in Maharashtra sell their products nationwide and further disruption to their operations will have a negative impact on their customers, he added.
The closure will have an impact on the demand side, he said, adding that he expressed hope that the closure should not be extended before April 30.

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The industrial organization Assocham also said it was working with the Maharashtra government to reduce the economic impact within the 15-day deadline, and urged all provinces to reach the most vulnerable areas in the industry, especially in the informal sector, as far as possible.

“We will continue to work with the central government and Maharashtra, in our efforts to reduce the economic impact of the 15-day Jantata Curfew in the province.

“We also urge the provinces and provinces to reach out to the most vulnerable parts of the industry, especially in the informal sector, with better freedom,” Assocham said in a statement.

He further added that he had liaised with all the provinces and the Agency to provide open rules for regulating and enforcing compliance.

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Planned costs such as electricity, rental leases, license fees and other taxes should be discontinued, to help businesses continue, he said. Restaurants, hotels, small restaurants should be provided with financial support to retain staff, while legitimate economic sectors should be more tolerant of regulation, Assocham said.

B Thiagarajan, chair (western region) of CII, said the industry adheres to standard operating procedures to ensure a safe working environment for its employees and to ensure the availability of distribution.

“Since the beginning of the epidemic, the CII has been participating in consultation meetings with government officials and district and municipal companies to ensure that the industry can operate without interruption,” he said.

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The CII has been making a strong point by supporting the continuation of industrial activities without following work processes. From time to time, he has been urging the government not to ban it, he added.

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