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Covid-19 outbreak: India Inc plays safe, despite lockdown norms being eased

Demand slump, labour shortage put a damper on ramp-up

Topics
Lockdown | Coronavirus | India Inc

Surajeet Das Gupta Shally Seth Mohile & Ishita Ayan Dutt  |  New Delhi/Mumbai/Kolkata 

Even though the Union government has permitted further relaxation in the lockdown rules from Monday, India Inc is on a wait-and-watch mode to restart manufacturing and service operations or ramp up production. From automobile majors and soft drink bottlers to cement companies, a large section of the industry sitting on a huge inventory is hesitant to open up when there’s no sign of demand growing.

Shortage of labour and a broken supply chain are among the other hurdles for many key sectors. But there are others, such as cab aggregators and garment export hubs like Tiruppur, ...

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First Published: Mon, May 04 2020. 01:15 IST
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