From IMTMA

Extraordinary times need extraordinary measures and the outbreak of coronavirus has presented a new challenge to the world which was already battling economic slowdown.

India currently is under lockdown up to May 3, 2020, to break the chain of this virus which has added more pressure on machine tool and the manufacturing sector as well as the economy. In this scenario, it is important for us to stay connected with customers, vendors and peers through various communication channels, keep our morale and confidence level high and spearhead policy advocacy in a focused manner with government and all other stakeholders.

IMTMA is bringing you information on what countries across the world including India as well as industries are doing to combat the situation. The E-newsletter gives an insight into news, advisories, and notifications from the central and state governments in India and the best practices that Indian and global industries have adopted to combat this pandemic.

 

News Updates

 
  Labour ministry to compile
data on layoffs, pay cuts

(Economic Times, April 17, 2020).
  RBI slashes reverse repo to
3.75 per cent, hints at further rate cut

(Economic Times, April 17, 2020).
 
         
  RBI announcements to help infuse liquidity, facilitate bank credit flows: Experts 
(Economic Times, April 17, 2020).
  Post COVID-19: Will electric
vehicles have to wait in India?

(Economic Times Auto, April 17, 2020)
 
         
  Availability of labour to be major challenge for partial resumption of economic activity: SIAM
(Economic Times Auto, April 17, 2020).
  Govt to extend interest subvention
scheme for MSMEs: Gadkari

(Economic Times Auto, April 18, 2020).
 
         
  MSMEs fear takeover by Chinese
companies, seek halt to automatic FDI

(Economic Times Auto, April 18, 2020).
  Centre pushes for economic
ramp-up after April 20

(Economic Times, April 18, 2020).
 
         
  India’s corona trajectory slowing,
with cases doubling in eight days now

(Livemint, April 18, 2020).
  RBI throws second Rs 1 lakh-crore-lifeline, prompts banks to lend more
(Times of India, April 18, 2020.
 
         
  Gujarat government to use plasma
transfusion to treat coronavirus patients

(Deccan Herald, April 18, 2020).
  Large global contraction in the
first half of 2020 inevitable: IMF

(Deccan Herald, April 18, 2020).
 
         
  Global supply chain with less dependence
on China to be positive outcome of Covid-19: Anand Mahindra

(Economic Times Auto, April 18, 2020).
  Global automotive V2X market to reach over $8,000 million by 2027: Study
(Economic Times Auto, April 19, 2020).
 

Central Government Advisories

 
 

Ministry of Home Affairs

The Cyber Coordination Centre (CyCord), under the Union Ministry of Home Affairs (MHA), has issued an advisory on secure use of ZOOM Meeting Platform by private individuals. This advisory states that the platform is not for use by Government officers/officials for official purposes.Read More

     

Ministry of Health and Family Welfare

Updated Containment Plan for Large Outbreaks of Covid-19. Read More

 
 

State Government Advisories

 
 

Commerce and Industries, Government of Karnataka

The state government has published the guidelines for Operating of Industries / Industrial establishments, dated 17-4-2020. Read More

     

Gujarat Information Bureau, Government of Gujarat

Gujarat Information Bureau has published the guidelines for resumption of industrial and commercial activities from 20 April 2020 in Gujarat. Read More

 
             
 

Industries & Mines Department, Government of Gujarat

Constitution of district-level committees under collectors for implementation of revised guidelines by Union Ministry of Home. Read More

     

Department of Revenue & Forest, Disaster Management, Relief & Rehabilitation, Government of Maharashtra

Consolidated revised guidelines on measures to be taken for containment of Covid-19 in the State of Maharashtra. Read More

 

Central Government Notifications

 
 

Reserve Bank of India

RBI had announced certain additional regulatory measures aimed at alleviating the lingering impact of Covid19 pandemic on the businesses and financial institutions in India. In this regard, RBI has spelt out the detailed instructions with regard to asset classification and provisioning. Read More

     

Ministry of New and Renewable Energy

MNRE has initiated action in big way towards setting up new hubs for manufacturing renewable energy equipments in the country to meet both domestic demand and also cater to global demand.Read More

 
             
 

Ministry of Finance

The Central Board of Direct Taxes has said that Income tax refunds to nearly 8.2 lakh small businesses (proprietors, firms, corporate and trusts) worth Rs 5,204 Crore have been issued since 8th April 2020. These income tax refunds would help MSMEs to carry on their business activities without pay cuts and layoffs in Covid-19 pandemic situations. Read More

     

Ministry of Home Affairs

In the wake of continuing COVID-19 outbreak in the country, Union Ministry for Home Affairs (MHA) has decided to extend the suspension of all existing visas granted to foreigners, except to those belonging to diplomatic, official, UN/international organizations, employment and project categories, till 3rd May, 2020. Read More

 
 

State Government Notifications

 
 

Government of Andhra Pradesh

The state government issued an order for extension of lockdown till May 3, 2020 in the State of Andhra Pradesh under Disaster Management Act, 2005. Read More

     

Bengaluru Customs Commissionerate

The Office of the Commissioner of Customs, City Customs Commissionerate, Bangalore has issued public notice informing of its decision to enable electronic communication of PDF based Final eOoC (electronic Out of Charge), copy of BoE, and e-gate pass to the Importers/ Customs Brokers, to reduce interface between the Customs Authority and the Importers/ Customs Brokers in view of Covid-19. Read More

 
 

National Best Practices

 
 

TAFE

Farm equipment major TAFE is expanding its free tractor rental scheme to Rajasthan and Uttar Pradesh to help small and marginal farmers during the coronavirus pandemic. Read More

     

Ashok Leyland

The company has extendedservice and warranty period by two months. The extension is valid for the customers whose warranty is scheduled to expire in the period of March 15 to April 15, 2020.Read More

 
             
 

Olectra Greentech

Electric bus manufacturer Olectra's parent company MEIL has contributed Rs. 13 crores to various state governments. The company’s employees have donated their one day salary totalling Rs 7,26,664, while Rs 10,00,000 has been added by the automaker. Read More

     

Sterling and Wilson

Sterling and Wilson Pvt Ltd has announced a BCP (Business Continuity Planning) policy to support employees and implement work from home in these challenging times. Help desks were rapidly set up at regional centres, laptops were made available for everyone, and wherever it was not feasible desktops were installed to facilitate Work from Home for its employees. Read More

 
             
 

Vedanta

Vedanta-Iron Ore Business Karnataka, has provided 500 sanitizer bottles, 2,500 triple layer N95 masks, 500 personal protection kits and an ambulance for medical facilities to the Chitradurga Deputy Commissioner’s office. Read More

     

NIIT

Skills and talent development company NIIT Limited has specially designed and launched a 'Remote Work Excellence Kit' course to support the fight against Covid-19 crisis. Aimed at helping facilitate remote working for adults, the Remote Work Excellence Kit is suited for corporate executives, small and medium businesspersons, and management students. Read More

 
             
 

Ministry of Defence

Society of Indian Defence Manufacturers (SIDM) in collaboration with the DRDO led by Secretary Department of Defence Research (DD R&D) and Chairman Defence Research and Development Organisation (DRDO) Dr G Satheesh Reddy and other stakeholders organized a webinar on manufacturingPPEs and other products for combating Covid-19. Read More

     

Hyundai India

Hyundai Motor India has announced that it has joined hands with French company Air Liquide Medical Systems for production and supply of hospital ventilators in India, to help the country's fight against coronavirus. Read More

 
             
 

Tata Power

Tata Power’s Dhaaga initiative has supplied more than 120,000 face masks to bridge a shortage faced during the Covid-19 crisis. Read More

     

Grant Thomson

Grant Thornton’s Risk advisory team helps organizations maintain the effectiveness of their processes and controls and provide a one-stop solution for their risk and process-related needs. Read More

 
 

Global Best Practices

 
 

Dubai Chamber of Commerce and Industry

Dubai Chamber of Commerce and Industry has launched a webpage, on its website, to appeal to the private sector to support its fight against Coronavirus and contribute to The Community Solidarity Fund against COVID-19. Read More

     

Mubadala Healthcare

In an effort to support the response to the COVID-19 pandemic, Mubadala Healthcare has introduced various initiatives across its assets in cooperation with the Ministry of Health and Prevention, Department of Health in Abu Dhabi and the Dubai Health Authority. Read More

 
             
 

Cargill Foundation

Cargill Foundation supports the MN Central Kitchen in its mission to tackle hunger and layoffs brought on by Covid-19.The Cargill Foundation is also contributing $1 million to add a distribution site in North Minneapolis with Appetite for Change and to support the production of 120,000 meals across all of MN Central Kitchen’s sites. Read More

     

Pony.ai

Toyota-backed Pony.ai is offering autonomous delivery service in California. The company is using its autonomous electric vehicles to deliver packages from local e-commerce platform Yamibuy to customers in Irvine, California. Read More

 
             
 

Nucleus Network

The company will test the effectiveness and safety of a Recombinant Spike Protein Nanoparticle vaccine, NVX-CoV2373, developed by US based biotechnology company Novavaxto begin 1st human trial of COVID-19 vaccine. Read More

     

Warehousing Education and Research Council

WERC has published best practices for managing the Coronavirus pandemic in warehouse operations recommended by a panel of warehouse and supply chain leaders during a webinar. Read More

 
             
 

Lear Corp

The global supplier of vehicle components has published a meticulously detailed handbook for reopening its manufacturing facilities while minimizing the potential risks in getting back to work, where and when permitted by law. Read More

     

MMA

Mobile Marketing Association has launched the Covid-19 Marketer Support Hub as a Central Resource for the Marketing, Media and Tech Industry to Navigate the Current Global Crisis. Read More

 
             
 

Philips

Royal Philips, a global leader in health technology, has announced that it is increasing the production of certain critical care products and solutions to help diagnose and treat patients with the new coronavirus disease. Read More

     

Marriott International

Marriott International and its more than 7,300 hotels around the world are launching efforts to help communities where they operate during the Covid-19 pandemic. Read More

 
 

Webinars

 
 

Special session with IMTMA members (Focus MSME) on Govt. measures to mitigate industry situation resulting from Covid-19 (April 20, 2.30 p.m. - 4.00 p.m.)

This will be a special focus on MSME member companies. This is an invitation from IMTMA to all its members. Members are encouraged to join this meeting and share their views.

2.30 p.m.- 2.35 p.m. : Introductory remarks by Mr.Indradev Babu, President, IMTMA

2.35 p.m. - 2.55 p.m.: Presentation by IMTMA on recommendations to Govt. of India seeking relief measures.

2.55 p.m.- 3.55 p.m. : Interactions with IMTMA members

3.55 p.m.- 4.00 p.m. : Concluding remarks

Register in advance for this meeting by clicking on this ZOOM VC Link.

     

Understanding Force Majeure clause in the context Covid-19 and beyond (April 21, 11.30 a.m. - 12.45 p.m.)

Please note that the Video Conference session on ‘Understanding Force Majeure clause in the context COVID 19 and beyond’ has now been rescheduled to Tuesday, 21st April 2020 from 11.30 am – 12.45 pm. Participants who have already registered to this session can use the earlier ZOOM VC link sent to their respective email IDs and join the session. In case you need any technical assistance please email to arjun@imtma.in or call 9886649109

Register in advance for this meeting by clicking on this ZOOM VC Link.

 
 
  IMTMA Covid-19 Policy Advocacy       IMTMA Covid-19 Help Desk  
             
 

IMTMA has set up a section on Covid-19 Policy Advocacy, relevant Notifications, Press notes, Orders and Circulars issued by the Central and State governments, and the Reserve Bank of India are published on the page

     

IMTMA is pleased to announce formation of “COVID-19 IMTMA Help Desk” for proactively addressing the concerns of Members, specifically related to COVID-19 Government Policies, Financial and Regulatory issues. Members may send their queries by clicking on “COVID-19 IMTMA Help Desk” button in IMTMA homepage www.imtma.in and filling-up the query form

 
 

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Published by Indian Machine Tool Manufacturers' Association (IMTMA), Bangalore International Exhibition Centre (BIEC), 10th Mile, Tumkur Road, Madavara post, Bangalore - 562 123. Tel.: +91 80 6624 6600  Fax: +91 80 6624 6661  E-mail: imtma@imtma.in  Web: www.imtma.in

Disclaimer: The content and figures shown in the newsletter have been taken from different websites and IMTMA does not take responsibility for the accuracy of the same.