“This is defeating government’s aim to help consumers and businesses. We have requested the government to allow wholesalers to operate for up to four hours beginning midnight,” said Praveen Khandelwal, secretary general of Confederation of All India Traders. He said retail sales of non-essentials usually add up to ₹2,000 crore a day. Supply of fans, coolers and electrical items like switches and bulbs is getting squeezed as wholesale markets such as Delhi’s Bhagirath Palace that has 3,800 shops, are shut. “For last one week, retailers have been calling but we are unable to supply,” said Bharat Ahuja, president of the traders’ association in the market.
Many Consignments Stuck
Ahuja said retailers generally kept stocks for only a week.
Factories also have a problem. “Most of the component manufacturing hubs are situated in red zones, and they are stuck there. There has been no movement at all, so no finished products either,” said Vinod Sharma, MD, Deki Electronics, and chairman, CII National Information Communication Technology & Electronics committee.
Sharma said conflicting guidelines from the Centre and states were an issue. “On April 20, we were hoping to resume work since the ministry of home affairs’ guidelines seemed liberal, but then states overruled them. We are now waiting for Monday for the states to announce their own guidelines before making any decisions,” he said.
“While the initial impact of Covid-19 was on the supply side, it has now moved on to the demand side owing to the lockdown,” said Manish Sharma, CEO, Panasonic India, and head of Ficci electronics and manufacturing committee. He said there was a pent-up demand for appliances.
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1 Comment on this Story
Shri 261 days ago
Buy less. Spend less. Help feed the poor. Keep six pairs and donate all other clothes to poor and needy. Pay off loans. Save money. Keep yourselves healthy. Live simple. Be happy with less. Jai Hind