three months on, business but to see pre-Covid output

Vijay C Roy

Tribune News Service

Chandigarh, August 24

It has been over three months now when the Covid-induced curbs have been eased, however many industrial models in Punjab are nonetheless struggling to realize pre-Covid manufacturing ranges. As per knowledge, almost one-third of the 25,325 non-functional models are but to start out manufacturing as a consequence of labour scarcity, working capital crunch, non-availability of uncooked materials and low demand of completed merchandise as a consequence of slowdown.

Of the two.59 lakh registered models, 2.34 lakh have been operational as on August 20, however many are working at a lot decrease capability due to restricted orders. Textile, hosiery, attire, auto elements and hand instruments are among the many worst-hit.

State of affairs (Punjab)

Registered models: 2.59 lakh

Operational: 2.34 lakh

Worst hit: Textile | hosiery | auto elements | hand instruments

As per estimates, round 53,666 models are working at lower than 50% of their capability. Among such models, the best (34,620) are in Ludhiana, adopted by 5,436 in Patiala and 5,212 in SAS Nagar. According to the business division knowledge, of the 25,325 non-functional models, 4,876 models weren’t operational due to points similar to labour, uncooked materials, much less demand of completed merchandise whereas 2,497 models fall within the class which was not permitted through the lockdown. Another 2,719 models fall within the seasonal business class which can be closed.

Amit Goswami, director, Euro Forge (Punjab), mentioned there may be an acute scarcity of labour and the federal government should do one thing to help the business.

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