Lockdown will reduce revenue by 80% per day: FKCCI
The fortnightly lockdown will result in an 80% drop in revenues and the economy which has seen slight signs of recovery in the past three months will fall again, according to trade body FKCCI. “Every day, Karnataka earns around ₹ 1,000 crore in terms of exports, local sales, collecting GST, excise and other duties. Some 80% of our income will be lost during this lockdown, ”said Perikal Sundar, President of the FKCCI.
A lockdown was needed because it is the government’s responsibility to ensure safety and save people’s lives. But it is appalling to see senior politicians in this country attending public functions and rallies without masks or following a social distancing protocol, he added. Mr Sunder said: “It is not business and industry that are spreading the virus. It is certain politicians, insensitive people who attend electoral rallies, weddings, social gatherings or religious events, who are responsible for the spread of the virus ”.
He wonders how thousands of MSME workers would reach their workplace when public transport and movement are limited. “This window from 6 am to 10 am for shopping is too small and too early in the day and therefore only 10% of sales can occur. The government should provide at least one additional counter after midday, ”he insisted.
The Karnataka Small Industries Association (KASSIA) has called on the government to allow BMTC buses to run at least to and from industrial centers in the state, as a large percentage of factory workers depend on public transport for move.
“We are ensuring full cooperation with the state government and will encourage all industries in the MSME sector to comply with Covid guidelines and help the government stop the surge in the number of coronavirus cases and restore normalcy,” said KB Arasappa, President of Kassia. .
TR Parasuraman, President of BCIC, said: “It is essential that all workforce communities are prioritized to ensure industries operate without disruption. Such a decision is also important to prevent our economy from suffering again. ”