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From
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India has around 3.5 lakh COVID-19 cases as per union government estimates, however, timely tracing, reporting and quarantine is helping a faster recovery. The economy is showing green shoots with industries restarting their operations and we believe there are good signs of recovery. The demand and supply disruptions caused by the pandemic is beginning to ease out and we expect business to reach a new equilibrium.
Decks have been cleared for entry of foreign firms willing to set up their manufacturing units in India. India is readying a pool of land twice the size of Luxembourg to accommodate these firms and the country has also reached out to a number of American multinational firms as well. Government of Maharashtra, for example, is likely to sign MoUs with US, Chinese, South Korean and Singaporean firms which will bring good foreign investments into the state. Engineering, automobiles, food processing, electronics, IT, and many more sectors are earmarked for investments which bodes well for employment in the long run.
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. |
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News
Updates
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Auto industry’s Coronavirus recovery
will involve consolidation: Steve Wybo
(Economic Times Auto, June 17, 2020). |
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Government should loosen purse strings
for swift economic recovery: Brickwork Ratings
(Economic Times, June 17, 2020). |
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IMF’s June update may show
deeper contractions
(Economic Times Auto, June 17, 2020). |
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JLR unveils Range Rover Fifty
Special Edition, limited to 1,970 units
(Economic Times Auto, June 17, 2020) |
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Only 30 to 40% MSME units have
opened for work in Unlock Phase 1: FISME’s Animesh Saxena
(Economic Times, June 17, 2020). |
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Dexamethasone for Covid-19 treatment: Big claims by researchers! Here’s all you need to know
(Financial Express, June 17, 2020). |
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Mercedes-Benz India launches its
luxurious SUV new GLS at Rs. 99.90 lakh
(Hindu Businessline, June 17, 2020). |
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Auto industry to return to normalcy during
festive season: Mercedes Benz India MD
(Economic Times Auto, June 18, 2020). |
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Central Government Advisories |
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Ministry of Home Affairs, Government of India
Clarifications regarding movement of individuals and loading and unloading of goods throughout the country. Read More |
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Ministry of Health & Family Welfare, Government of India
Guidelines on preventive measures to contain spread of Covid-19. Read More |
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State Government Advisories |
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Government of Himachal Pradesh
Regarding re-use of N-95 masks in non-Covid areas. Read More |
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Government of Delhi
Lockdown period in containment zones in India’s national capital is extended upto June 30, 2020. Read More |
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National Best Practices |
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Employees Provident Fund Organisation
Taking a big leap towards ensuring uniform standards of service delivery across the country and optimum utilisation of its workforce during COVID-19 Pandemic, EPFO has recently launched a multi-location claimsettlement facility. Read More |
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Maruti Suzuki
Maruti Suzuki has announced the partnership with Karur Vysya Bank to offer the consumers flexible vehicle finance schemes. Under this partnership with Karur Vysya Bank, the car buyers’ customers can avail multiple attractive finance schemes and longer repayment loan terms to own a new car. Read More |
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Global Best Practices |
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Glaxo
Glaxo its intention to manufacture 1 billion doses of its pandemic vaccine adjuvant system, in 2021, to support the development of multiple adjuvanted Covid-19 vaccine candidates. GSK will manufacture, fill and finish adjuvant for use in Covid-19 vaccines at sites in the UK, US, Canada and Europe. Read More |
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Siemens Healthineers
Siemens Healthineers recently announced that it is shipping worldwide its laboratory-based total antibody test to detect the presence of SARS-CoV-2 IgM and IgG antibodies in blood. Read More |
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| Online Training Programmes |
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The following are paid programmes conducted online:
- 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
- Best HR Practices for Organisational Excellence (June 26, 2020, 2.00 p.m. - 5.00 p.m.). Register Now
- Commercial Aspects for Sales and Marketing Engineers (June 27, 2020, 9.30 a.m. - 12.30 p.m.). Register Now
- Programmable Logic Controller (PLC) – A Key Technology for Industrial Automation (June 27, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
- Fundamentals of Advanced Product Quality Planning (APQP) and Implementation of the Production Part Approval Process (PPAP) (June 27, 2020, 2.00 p.m. - 5.00 p.m.). Register Now
- Defect-Free Welds: Process Control is the Key! (June 28, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
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IMTMA Covid-19 Policy Advocacy |
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IMTMA Covid-19 Help Desk |
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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 |
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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.
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