From IMTMA

With lockdown being lifted, industries have begun their everyday operations to keep the economy running. Nations in Asia such as Japan and South Korea for example have shown that with safety principles in place this is quite probable. Industries need to consider focus fully on demand creation in this Unlock 1.0 phase.

Emergency Credit Line Guarantee Scheme (ECLGS) loans to MSMEs and robust FDI inflows offer good momentum for industries. Choice of personal two-wheelers from rural market and possible announcement of scrappage policy is also expected to provide a push to auto and auto component industries.

Finance minister has agreed to take up with the GST council on relooking into the GST rates for some sectors which are affected by demand constraints.

Public sector banks have sanctioned around Rs. 20,000 crore loans to MSMEs under ECLGS against a target of Rs. 3 lakh crores as part of the union government’s Rs. 20 lakh crore stimulus package. Industries need to utilise the Rs. 3 lakh crore ECLGS scheme which is being proactively offered by bankers with simple form and formalities.

The newsletter brings you updates on various stimulus measures/packages announced by the central and state governments. It also gives an insight into news updates, various government notifications and best practices adopted by Indian and overseas industries to combat the coronavirus pandemic.
 

News Updates

 
  Corona crisis will not last long,
we'll get vaccine soon: Nitin Gadkari
(Economic Times, June 14, 2020).		   Public sector banks sanction
2,212 crore loans to MSMEs
(Economic Times Auto, June 14, 2020).		  
         
  Revival sign: Hiring up in some sectors 
(Economic Times, June 14, 2020).		   COVID-19 may result in job losses in dealerships
worse than last year's auto sector slowdown: FADA
(Economic Times Auto, June 14, 2020)		  
         
  Slow start for India's ambitious plan
to resuscitate small businesses
(Economic Times Auto, June 14, 2020).		   India to see Covid-19 peak
by mid-Nov: ICMR-funded study
(Times of India, June 15, 2020).		  
         
  In Karnataka, people are now
recovering faster from Covid-19
(Times of India, June 15, 2020).		   RBI moves may bring new players to banking
(Economic Times, June 15, 2020).		  
         
  ExplainSpeaking: As Unlock enters third week,
a visible lack of public confidence
(Financial Express, June 15, 2020).		   For Atmanirbhar Bharat: Govt agencies across sectors tweak rules, form policies to push local
(Financial Express, June 15, 2020).		  
         
  China begins mass testing, locks down localities
in Beijing, as new Covid-19 cases reported
(Statesman, June 15, 2020).		   Employment generation a challenge
but not unachievable: Nitin Gadkari
(Hindu Businessline, June 15, 2020).		  
 

Central Government Advisories
 
 

Directorate General of Health Services, Ministry of Health and Family Welfare, Government of India

Clinical Management Protocol: Covid-19, including addition in Clinical Features {signs and symptoms}. Read More

      

Directorate General of Health Services, Ministry of Health and Family Welfare, Government of India

Guidelines on preventive measures to contain spread of Covid-19 in Offices. Read More

  
 

State Government Advisories
 
 

Government of Himachal Pradesh

Regarding re-use of N-95 masks in non-Covid areas. Read More

      

Government of Delhi

Lockdown period in containment zones in India’s national capital is extended upto June 30, 2020. Read More

  
 

National Best Practices
 
 

National Highways Authority of India (NHAI)

In view of the novel coronavirus outbreak, the NHAI has gone fully digital with cloud-based 'Data Lake Software', becoming the first such construction sector organisation. With advance analytics, the 'Data Lake' software will forecast the delays, likely disputes and give advance alerts, thus expediting the decision making. Read More

      

Manali Petrochemicals

To ensure that the needy, especially physically challenged have enough to sustain during the Covid-19 lockdown, Manali Petrochemicals distributed food provisions to the physically challenged. Read More

  
 

Global Best Practices
 
 

Volkswagen

Volkswagen AG's Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for "preparation and training eyeing a gradual start further ahead," the company said in a statement. Read More

      

Government of Spain

Spanish Prime Minister Pedro Sanchez announced a 3.75-billion-euro aid plan for the car industry, a pillar of its economy that has been badly hit by the coronavirus pandemic. Read More

  
 
Online Training Programmes
 

The following are paid programmes conducted online:

  • Dimensional Tolerance and GD&T - Industry Perspective (Only for Engineering Students & Faculties) (June 19, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
  • Systematic approach for establishing Machine Capability (June 19, 2020, 2.00 p.m. - 5.00 p.m.). Register Now
  • Overview of Gear Manufacturing - Geometry, Terminology, Perform (June 20, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
  • Tolerance Stack-up Analysis (June 20 - 21, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
  • Effective Sales and Marketing of Machine Tools and Accessories (Module 1) (June 22, 9.30 a.m. - 12. 30 p.m.). Register Now
  • Effective Sales and Marketing of Machine Tools and Accessories (Module 2) (June 23, 9.30 a.m. - 12. 30 p.m.). Register Now
  • Effective Sales and Marketing of Machine Tools and Accessories (Module 3) (June 24, 9.30 a.m. - 12. 30 p.m.). Register Now
  • Effective Sales and Marketing of Machine Tools and Accessories (Module 4) (June 25, 9.30 a.m. - 12. 30 p.m.). Register Now
  • Effective Sales and Marketing of Machine Tools and Accessories (Module 5) (June 26, 9.30 a.m. - 12. 30 p.m.). Register Now
  • Effective Sales and Marketing of Machine Tools and Accessories (Module 6) (June 27, 9.30 a.m. - 12. 30 p.m.). Register Now
  • Industrial applications of Hydraulics & Pneumatics (For Engineering Students & Faculties) (June 26, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
  
 
  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.