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CEOs prefer strict safety norms over partial lockdowns: CII Survey
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SME Times News Bureau | 11 Apr, 2021
Amid rising Covid cases and talks of partial and total localised
lockdowns, most of the CEOs in India believe that along with the ongoing
vaccination drive, stringent implementation of safety norms should be
adopted instead of going for restrictions and partial lockdowns,
according to a CII survey.
Around 75 per cent of the 710 CEOs
polled were of the view that partial lockdown measures could impact the
movement of labour as well as movement of goods, which would affect
industrial production significantly. About 60 per cent of the CEOs said
that their production could be affected if there are restrictions on
movement of labour during these partial lockdowns.
Similarly, 56
per cent of the CEOs expressed their concern over loss of production of
up to 50 per cent if there were restrictions on the ecosystem which
supports movement of goods.
The CEOs polled pertained to both manufacturing and services and 68 per cent of the responding CEOs were from MSMEs.
"Stringent
enforcement measures to promote strict adherence to health and safety
protocols are essential and any measures to restrict social gatherings
should not be extended to regular functioning of industry and commerce"
said T.V. Narendran, President Designate of CII.
While the
Indian industry is well prepared and equipped for implementation of
stricter health and safety protocols as revealed by 96 per cent of the
CEOs polled, stringent implementation of safety norms was opined to be
better than the option of partial lockdowns by 93 per cent of the CEOs
polled.
"Protecting livelihoods along with lives is essential and
industry is keen to work with the Government on universal coverage (18
years and above) of vaccination programme and in implementing strict
health and safety protocols", said Narendran.
Looking at ways to
mitigate the impact of the restrictions, about 67 per cent of the CEOs
of those polled expressed their desire to work with the government for
mass vaccination of eligible workforce who are 45 years and above.
While
57 per cent of the companies expressed the need to stock raw materials
in excess of just-in-time levels to meet any likely shortage of raw
materials, about 31 per cent of the industry leaders said that they
would accommodate their labour force in the factory in case of movement
restrictions due to night curfew.
More than 60 per cent of the
CEOs suggested that the government should allow movement of workers in
all shifts during night curfews and also free movement of goods along
with the required personnel to facilitate the movement of goods. This
should be allowed with all workers and industry staff strictly following
all health and safety protocols.
"The government handled both
lives and livelihoods effectively during the first wave. It could do so
again by keeping industrial activities out of the ambit of partial
lockdowns aimed at restricting social gatherings. This will help India
recover from the economic contraction and stabilize the upward growth
trends being currently witnessed in several sectors," said Narendran.
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Customs Exchange Rates |
Currency |
Import |
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87.50
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75.65 |
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56.85 |
As on 13 Aug, 2022 |
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