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Confederation of Indian Industry (CII) survey: Industries struggle amidst the pandemic 

  • IASbaba
  • April 28, 2020
  • 0
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Confederation of Indian Industry (CII) survey: Industries struggle amidst the pandemic 

Part of: GS Prelims and GS-III – Industries

In News:

  • Companies were surveyed recently regarding the difficulties being faced by them due to the lockdown which was imposed to contain the spread of COVID-19 pandemic. 
  • Almost half of the industries which have been allowed to reopen still face hurdles in obtaining permits to function and passes for employees.

Key takeaways:

  • Movement: 
    • 60% of surveyed companies faced disruption in the movement of inputs and finished goods.
    • Only 15% of them said that movement of raw materials and finished goods was taking place smoothly.
    • 23% said such movement was not taking place at all.
  • Permits
    • 19% of companies said permits were not available to them. 
    • 27% said they had faced delays. 
    • 67% said the daily commute was problematic
  • Functioning
    • Only 10% of plants were functioning at more than 50% of their full capacity. 
    • Only 9% of firms have more than half their workers back on site.
  • CII demanded that businesses should be allowed to function without need of permits in non-containment areas. 
  • Also, workers should be allowed to commute to work in their own vehicles on the basis of a letter issued by the employer without need of a government pass.

Important value additions:

Confederation of Indian Industry (CII)

  • CII is a non-government, not-for-profit, industry-led and industry-managed organization.
  • Founded in 1895, it works with the Government on policy issues. 
Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 28th April 2020

Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 28th April 2020

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