Coimbatore: The export market has been hit hard by the second wave Covid-19 lockdown implementation in Coimbatore district since May 10. More than Rs. 10,000 crore loss has already been incurred according to exporters in Tirupur.
Coimbatore: The export market has been hit hard by the second wave Covid-19 lockdown implementation in Coimbatore district since May 10. More than Rs. 10,000 crore loss has already been incurred according to exporters in Tirupur.
The exporters have urged the State and the Central Government to initiate early action in the event of such pandemic outbreaks in the future. They believed that such proactive action will ensure less loss or damage for individuals and corporates to return back to normalcy, soon.
The Tiruppur Exporters Association (TEA) President, Raja M Shanmugam said, "The export companies across Tirupur have been very badly hit due to the ongoing lockdown, in spite of the State Government giving permission recently for export companies to function with a minimal workforce. This will not help because it is not so productive.
Only sampling and few other activities can be carried out. Damage caused is already huge. So far, more than 10,000 crores loss has been witnessed till date and this would increase further if lockdown restrictions continue. These losses are not only from May 10, but for the upcoming two months also. Even though the industries have begun functioning, it will take more than two and a half months to return to normalcy," he lamented.
"Ordering for closure of industries by both the State and Central governments is easy, but resuming back and restarting is a very difficult task. We also know that when there is a pandemic outbreak, the Government should take some strict action to control the spread of infection. But our request to the State and Central governments is that they should check how the developed countries handle this pandemic crisis.
Once these countries witnessed the severity of the pandemic, they immediately insulated everyone, beginning from individuals to corporates. Following this, they handled the pandemic issues separately which helped them to overcome the crisis soon. Hence, they have again asked individuals and corporates to resume back to normalcy," explained Raja M Shanmugam.
"Whereas in developing countries like India, we allow the damages to happen and then we come up with policy decisions to cover the damages. The biggest lesson our country should learn from developed countries is that they never allow the damages to happen. During the initial stage itself, they insulate and take strict actions. In India, after damages happen, we come up with some remedies. We expect both the Central and State government to be equipped in future for such pandemic crises so that the Governments swing into action early.
Following this, they can handle the issue which will help individuals and corporates to restart very soon without much damages. This is our humble request to the Government and we hope in future, speedy preventive actions will be taken early," requested the TEA President.
The exporters have urged the State and the Central Government to initiate early action in the event of such pandemic outbreaks in the future. They believed that such proactive action will ensure less loss or damage for individuals and corporates to return back to normalcy, soon.
The Tiruppur Exporters Association (TEA) President, Raja M Shanmugam said, "The export companies across Tirupur have been very badly hit due to the ongoing lockdown, in spite of the State Government giving permission recently for export companies to function with a minimal workforce. This will not help because it is not so productive.
Only sampling and few other activities can be carried out. Damage caused is already huge. So far, more than 10,000 crores loss has been witnessed till date and this would increase further if lockdown restrictions continue. These losses are not only from May 10, but for the upcoming two months also. Even though the industries have begun functioning, it will take more than two and a half months to return to normalcy," he lamented.
"Ordering for closure of industries by both the State and Central governments is easy, but resuming back and restarting is a very difficult task. We also know that when there is a pandemic outbreak, the Government should take some strict action to control the spread of infection. But our request to the State and Central governments is that they should check how the developed countries handle this pandemic crisis.
Once these countries witnessed the severity of the pandemic, they immediately insulated everyone, beginning from individuals to corporates. Following this, they handled the pandemic issues separately which helped them to overcome the crisis soon. Hence, they have again asked individuals and corporates to resume back to normalcy," explained Raja M Shanmugam.
"Whereas in developing countries like India, we allow the damages to happen and then we come up with policy decisions to cover the damages. The biggest lesson our country should learn from developed countries is that they never allow the damages to happen. During the initial stage itself, they insulate and take strict actions. In India, after damages happen, we come up with some remedies. We expect both the Central and State government to be equipped in future for such pandemic crises so that the Governments swing into action early.
Following this, they can handle the issue which will help individuals and corporates to restart very soon without much damages. This is our humble request to the Government and we hope in future, speedy preventive actions will be taken early," requested the TEA President.