Covid-19: Harsh Singhania says only a stimulus package can revive economy

"Even if we start producing, where is the transport, supply chain and customers? If shops are not open, then it makes no sense to keep producing and stocking in the factory sites," said Singhania.

The JK Group, which has over two dozen production facilities in tyres, cement and paper industries, is unable to restart production due to disruption in its supply chain and non-availability of raw materials and staff.
 

Like the rest of India Inc, plants of the $4-billion group are shut, barring a few facilities in the dairy and seed business.
 

“Despite the pandemic, cement, and paper plants could have worked without a shutdown.  But all states have made their own interpretation of the Covid (coronavirus) notification and shut down everything,” said Harsh Singhania, vice-chairman and managing director of JK Paper and director,