Mobile phone manufacturers could see an impact on production value to the tune of ₹6,000 crore by April due to the disruption in the supply chain following the coronavirus epidemic. Most of the components used for manufacturing a phone comes from China. Although production facilities in China are limping back to normalcy, the last 10 days have been tough for Indian manufacturers.
“We estimate that March and April will get affected to the extent of 15-20 per cent of volume and by next month-end things should be back to normal. The impact in terms of production value will be ₹2,500-3500 crore in March and ₹2,000-2,500 crore in April. The hardest hit will be the Indian brands and second-tier sub-assembly component manufacturers,” Pankaj Mohindroo – Chairman, India Cellular & Electronics Association (ICEA), said in a letter dated March 6, addressed to the Ministry of Electronics & IT (MeitY).
Esta historia es de la edición March 13, 2020 de The Hindu Business Line.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 13, 2020 de The Hindu Business Line.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Covid Presents An Opportunity For India
India must attract investors exiting China post-Covid. Streamlining of project clearances and relaxation in FRBM norms will help
Did Alternative Assets Shield You From Covid-19 Volatility?
The assets closely linked to stock and debt markets could not stave off the losses
How To Put Aircraft To Bed
Preserving grounded planes, to get them up and flying at short notice, is a challenging task. Ashwini Phadnis captures the process
There Can Be No Going Back On WFH
Covid-19 has fast-forwarded the shift to ‘work from home’. However, some face-to-face connect will always be needed
UN, WHO Urged To Ensure ‘Benefit Sharing' Of Covid-Related Data
Biopharma firms should reach vaccines, medicines to poor nations at an affordable price, say civil society bodies
With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants
Quarantine centres, cross-country buses being arranged even as migrants hop on to boats, trucks and ambulances
Centre Allows All Neighbourhood Shops To Open But With Riders
Final call will be taken by local authorities; shopping complexes that draw fewer ‘outsiders’ are permitted to operate
Covid Impact Relatively Muted In India
Compared to Italy and the US, India’s rate of infection spread has been slow. This can be attributed to the strict measures in place
How Global Trade Will Fare Post-Covid
China isn’t likely to lose its pre-eminent position soon. India, for one, will need to make manufacturing globally competitive
How To Curb Harassment In The Virtual Office
Training and sensitisation are essential. Institute a strict dress code and chat etiquette to ensure professionalism during video calls
