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The Prime Minister has announced the long awaited stimulus package of ₹20lakh crore, which is 10% of GDP, in a big push to revive Indian economy. Government’s stress on going for local products, support for key sectors and the intended support for MSMEs has created optimism among manufacturing industries in anticipation of demand creation.
Although lockdown is expected to continue, union government has given greater autonomy to respective states to decide the future course of action against Covid-19 as well as a graded exit from the lockdown. Industries have accepted ‘live and work with Covid-19’ and resumed their activities with safety measures in place to prevent further damage to the economy. However, it is important for industries to not only survive but continue to evolve by adapting, adopting, reshaping, and transforming businesses through product and process innovations.
Districts within states and union territories have been demarcated into red, orange and green zones. India presently has 130 red zones, 284 orange zones and 319 green zones and the state governments have allowed resumption of industrial activities in green zones albeit with reduced workforce.
It is really imperative for industries to follow the guidelines for health and safety. The industry needs to focus just on survival but also explore opportunities and diversify their business to cater to newer segments. Strategy, planning, resilience and leadership will be put to the test in this mission.
IMTMA is bringing you information on efforts by countries across the world including India to tackle 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. |
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News
Updates
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Auto dealers planning to
launch own online sales platform
(Economic Times Auto, May 12, 2020). |
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Maruti Suzuki delivers 1,600 cars,
Hyundai retails 608 in past week
(Economic Times Auto, May 12, 2020). |
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Expect financial package for
industries in 2-3 days: Nitin Gadkari
(Economic Times Auto, May 12, 2020). |
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Karnataka to join new labour league,
to amend labour laws to bil out industrial sector
(Economic Times, May 12, 2020). |
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Lockdown 4.0 in new form, with new rules: PM
(The Times of India, May 13, 2020). |
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Honda Cars India reopens 155 dealerships
(Economic Times Auto, May 12, 2020). |
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Huawei collaborates with 18 Chinese
automakers to build 5G enabled ecosphere
(Economic Times Auto, May 12, 2020). |
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Business team from Thailand
to explore investment opportunities in UP
(Economic Times Auto, May 12, 2020). |
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MSMEs may now get their grievances resolved within 7 days through this new govt portal
(Financial Express, May 12, 2020). |
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Auto component industry likely to witness
double-digit degrowth in FY21: India Ratings
(Economic Times Auto, May 12, 2020). |
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PM Modi announces Rs 20 lakh crore relief,
lockdown 4.0 as India's coronavirus tally
crosses 70,000
(India Today, May 12, 2020). |
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FICCI writes letter to Finance Minister
Nirmala Sitharaman seeking fiscal support
for the MSME sector
(Economic Times Auto, May 12, 2020) |
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Central Government Advisories |
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Prime Minister’s Office, Government of India
Address of Hon’ble Prime Minister of India on May 12, 2020 announcing a special package of Rs. 20 lakh crores, equivalent to 10% of country’s GDP. Prime Minister gives a call for self-resilient India and lays down the five pillars of Atmanirbhar Bharat. Read More |
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Department Science and Technology, Ministry of Science and Technology, Government of India
Transformation of manufacturing companies post Covid-19. Research be brought closer to industry and collaborations in overcoming Covid-19 challenge. Read More |
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Ministry of MSME, Government of India
Ministry of MSME launched CHAMPIONS portal, a technology driven control room-cum-management information system to assist Indian MSMEs march into big league as National and Global champions. Read More |
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State Government Notifications |
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Government of Karnataka
Constitution of Special Investment Promotion Task Force; dated 11 May 2020. Read More |
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Government of Madhya Pradesh
The state government has issued an order that all employers shall make payment of wages to their workers without any deduction during the lockdown period. Read More |
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National Best Practices |
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DRDO
A DRDO lab in Hyderabad has developed a Contactless Sanitisation Cabinet called Defence Research Ultraviolet Sanitizer (DRUVS) which has been designed to sanitize mobile phones, iPads, laptops, currency notes, challans, etc. Read More |
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NAL
The CSIR-National Aerospace Laboratories, Bangalore, a Constituent of Scientific and Industrial Research (CSIR NAL) has developed a non-invasive BiPAP Ventilator in a record time of 36 days to treat Covid-19 patients. Read More |
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Amazon
Amazon Business has introduced a ‘Covid-19 Supplies Store’ to provide easy access to related supplies. Frontline organisations such as those in healthcare and the government can purchase Covid-19 related essentials in bulk from the store to effectively fight the virus. Read More |
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HAL
Hindustan Aeronautics Limited has put in place strict measures to ensure the safety of its employees working at its locations across the country. These measures not only comply with the guidelines issued by the Ministry of Home Affairs but some innovative measures like placing pedal-based hands-free sanitizer dispenser developed by HAL are being thought out. Read More |
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Global Best Practices |
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Mondelez International
Mondelēz International Foundation has made $15 million global commitment to aid relief support around the world. Read More |
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Samsung
Samsung has donated $29m worth of funds and goods to tackle Covid-19. The company has also helped South Korean mask makers increase their production efficiency. Read More |
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Rio Tinto
Rio Tinto has pledged $25-million in funding to support global grassroots community Covid-19 preparedness and recovery efforts. Read More |
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Cisco
Cisco has expanded the capabilities on its free Webex offer in all countries where it is available, not only those impacted by Covid-19. Read More |
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| Online Training Programmes |
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- Machine Tool Testing and Accuracy Measurement of CNC Machine Tools (May 16, 2020; 10.00 a.m. - 1.00 p.m.). Register Now
- Best Practices for Manufacturing Cost Reduction (May 16, 2020; 3.00 p.m. - 6.00 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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