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From
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Industries have resumed their operations in a calibrated way, specifically in green zones with around 33% staff and in some cases with more capacity simultaneously safeguarding the health and safety of its staff against Corona virus.
Demand drives industries and industries are looking at import substitution, exports as it is no more an option and new user segments apart from auto for opportunities. Industries can plan digitalisation, automation and optimisation of processes in the manufacturing eco-system as a medium to long term measure. Currently manpower is abundantly available which can be utilised judiciously for new product / process development and for providing engineering services.
Businesses need to expand their horizons through partnerships and joint ventures, and explore new sectors for medium to long term business opportunities and growth. The present environment is also prompting industries to work together for providing services, capacity utilisation and volume manufacturing.
Government has announced a slew of stimulus and relief measures for MSME’s to improve liquidity and to meet cash flow requirements. Member companies are urged to explore and judiciously take advantage of them.
IMTMA through this e-newsletter is bringing updates on the various stimulus measures/packages announced by the central and state governments which are beneficial to the industry. The newsletter also gives an insight into the general news updates and the best practices adopted by Indian and overseas industries to combat this pandemic.. |
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News
Updates
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MSMEs and exporters get some relief from RBI
(Economic Times Auto, May 22, 2020). |
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NHAI ropes in experts for developing new financing approaches in current financial condition
(Economic Times Auto, May 22, 2020). |
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Investments in e-mobility and autonomy to take major hit amid shrinking R&D budget: Survey
(Economic Times Auto, May 22, 2020). |
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RBI's announcement for exporters
welcome but problem is far bigger: EEPC
(Economic Times Auto, May 22, 2020) |
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Bosch says auto industry will take
at least 4 years to revive
(Economic Times Auto, May 22, 2020). |
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A third of NSE manufacturing
companies back at work
(Economic Times Auto, May 23, 2020). |
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Did Japan just beat the virus
without lockdowns or mass testing?
(Economic Times, May 23, 2020). |
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Govt expands use of hydroxychloroquine
to curb transmission of Covid-19
(Hindustan Times, May 23, 2020). |
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Healthy elderly can fly; Aarogya
app not must for air travel: Puri
(Times of India, May 23, 2020). |
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Coronavirus Live News: Biggest single-day jump
in COVID-19 cases, India’s total tally now 1,25,101
(Financial Express, May 23, 2020). |
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Central Government Notifications |
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Public Procurement Division, Department of Expenditure, Ministry of Finance, Government of India
Amendment in General Financial Rules 2017 – Global Tender Enquiries: to promote “Atma Nirbhar Bharat”, “Make in India” and MSMEs. Read More |
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Ministry of Finance, Government of India
Guaranteed Emergency Credit Line (GECL) facility to eligible Micro, Small and Medium Enterprise (MSME) borrowers, including interested MUDRA borrowers. Read More |
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Reserve Bank of India
Monetary Policy Statement, 2020 - 2021 by Reserve Bank of India. Read More |
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State Government Advisories |
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Government of Andhra Pradesh
The state government has decided to resume functioning of all government offices including secretariat and heads of departments with 100% attendance of employees other than those in containment areas. Read More |
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Government of Andhra Pradesh
The state government has released standard operating protocols for opening of shops / establishments in urban areas between 7 a.m. and 7 p.m. No shops will be opened in containment zones. Read More |
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National Best Practices |
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Suzuki Motorcycle
The company has prepared extensive standard operating procedures for the dealerships which include frequent sanitisation and practising social distancing... In addition, for the convenience of its customers, SMIPL also plans to introduce various customer friendly initiatives allowing easy ownership and extending support to its dealer partners. Read More |
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BattRe
Technology-driven startup BattRE Electric Mobility on Friday announced the launch of its internet-connected electric scooter 'ie,' priced at Rs 64,990 (ex-showroom). BattRE gps:ie scooter, which is a SIM card based smart vehicle and is accessible through a smart-phone app, will be available at more than 50 dealer locations across Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Telangana, Gujarat and Uttar Pradesh as well on online marketplace Amazon, the company said in a release. Read More |
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Lucas TVS
Lucas TVS will use AI tools to ensure social distancing at workplace. The tool, named Trust AI, uses neural network models and mathematical models to analyse live video feed automatically to monitor social distancing at the workplace. It issues an alert at the control centre and the public address system when any person fails to maintain the required distance from another person, said the company in a press release. Read More |
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Global Best Practices |
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Boeing
Boeing delivered the first set of reusable 3D-printed face shields to support healthcare professionals working to stop the spread of Covid-19. The Department of Health and Human Services (HHS) accepted the initial shipment of 2,300 face shields. Read More |
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Celestica Inc.
Celestica Inc. has been contracted to build 7,500 ventilators in Newmarket, Ont., for a Canadian medical device company working on the fight against the Covid-19 pandemic. Read More |
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| Live Webinar (Free) |
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- KYC for selling Capital Equipment (May 26, 2020; 11.30 a.m. - 12.30 p.m.). Register Now
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| Online Training Programmes |
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The following are paid programmes conducted online:
- Six Sigma Approach for Breakthrough Results (May 27, 2020, 3.00 p.m. - 6.00 p.m.). Register Now
- Basics of Process Capability (CP, CPK, CM) (May 28, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
- Building Lean Culture through Value Stream Mapping (May 29, 2020, 3.00 p.m. - 6.00 p.m.). Register Now
- Cleaning of Machined Parts - Need, Process, Do's and Don’ts (May 30, 2020, 10.00 a.m. - 1.00 p.m.). Register Now
- Pfmea - Process Failure Mode and Effects Analysis (May 30, 2020, 3.00 p.m. - 6.00 p.m.). Register Now
- Understanding and Implementing GD&T - Form, Orientation, Location, Profile and Run Out Tolerances (May 31, 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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