3 months on, industry yet to see pre-Covid output - ECAS Punjab

3 months on, industry yet to see pre-Covid output

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Vijay C Roy

Tribune News Service

Chandigarh, August 24

It has been over three months now when the Covid-induced curbs were eased, but many industrial units in Punjab are still struggling to achieve pre-Covid production levels. As per data, nearly one-third of the 25,325 non-functional units are yet to start manufacturing due to labour shortage, working capital crunch, non-availability of raw material and low demand of finished products due to slowdown.

Of the 2.59 lakh registered units, 2.34 lakh were operational as on August 20, but many are operating at much lower capacity because of limited orders. Textile, hosiery, apparel, auto parts and hand tools are among the worst-hit.

State of affairs (Punjab)

Registered units: 2.59 lakh

Operational: 2.34 lakh

Worst hit: Textile | hosiery | auto parts | hand tools

As per estimates, around 53,666 units are operating at less than 50% of their capacity. Among such units, the highest (34,620) are in Ludhiana, followed by 5,436 in Patiala and 5,212 in SAS Nagar. According to the industry department data, of the 25,325 non-functional units, 4,876 units were not operational because of issues such as labour, raw material, less demand of finished products whereas 2,497 units fall in the category which was not permitted during the lockdown. Another 2,719 units fall in the seasonal industry category which is also closed.

Amit Goswami, director, Euro Forge (Punjab), said there is an acute shortage of labour and the government must do something to assist the industry.

from The Tribune https://ift.tt/3jcG5Lq

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