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A hefty $100-114 bn: The cost India needs to bear to fight Covid

The total economic cost of Covid-19 mitigation could well turn out to be 3.5-4% of GDP – a hefty $100-114 bn.

Made in India

04 April, 2020, 04:13 AM IST



Covid-19 impact may set India's smartphone production back by four years

India's contribution to global smartphone production had jumped to 16 per cent in 2019 from 9 per cent in 2016, as several handset makers cut down output in China or moved out due to the US-China trade war and received heavy incentives by the Indian government to beef up manufacturing in the country.

Huawei offers China learnings to tackle Covid 19 outbreak in India

Jay Chen, Huawei India CEO, told ET, “We are working on solutions to apply...

Covid-19: Handset manufacturers stare at upto Rs 15,000 cr production loss amid lockdown

Foxconn, Flex and Wistron, which together make the b...

  • Foxconn, also known as Hon Hai Precision Industry Co., is suspending operations until April 14, it told Bloomberg News. It intends to resume India production based on further government announcements. A Wistron representative said the company is also adhering to the order, while declining to comment on exactly what products are affected.

    “Lakhs of N95 masks will be donated across State governments such as Karnataka, Punjab and Delhi government, government hospitals and state police starting this week,” Xiaomi India Managing Director Manu Jain said in a statement.

    As per the manufacturers, companies across sectors are placing orders. However, the maximum demand is from banks, BPOs, call centre, consulting, NGOs, small and medium businesses. Also, monitors and IT accessories have seen a surge in demand.

    Xiaomi’s four factories in Tamil Nadu and Noida will stop production from March 24. The Chinese smartphone maker has eight plants for smartphones, smart TVs and power banks, operated by contract manufacturer partners. Local handset company Lava International has shut its manufacturing facility in Noida, Uttar Pradesh.

    “Xiaomi will donate INR 10 crores to the honorable PM’s relief funds and CM’s relief funds across various states,” Xiaomi Global VP and India MD Manu Kumar Jain said in a statement. The company will continue to donate lakhs of face masks and protective suits to hospitals across States.

    Industry bodies Manufacturers’ Association of Information Technology (MAIT) and India Cellular & Electronics Association (ICEA) have written to the government seeking concessions in the delivery of smartphones among other electronics devices and removal of restrictions on the movement of components for inland and export purposes.

    Not just in India, drones have been used in China and South Korea for spraying disinfectants.

    As per two industry executives aware of the plans, over 5,000 employees and associates of Apple in India will be largely working from home. Apple has four sales offices in India located at Mumbai, Bengaluru, Hyderabad and Gurgaon.

    Indian Council of Medical Research (ICMR) on Monday said Indian manufacturers can produce testing kits and supply to private and government laboratories with NIV validation, even if they don’t have approval from the USFDA and European CE.

    "The move is a part of the several measures that the company has taken to ease the trouble of its employees and ensure their safety and well-being. Lava paid around 20 per cent of the salary in advance yesterday (Wednesday), almost 12 days ahead of the scheduled date," the company said in a statement.

    An intelligence firm that tracks the smartphone market has cut this year’s growth estimate to 5.5% from 8% earlier. Realme has estimated that phone prices could go up by 12-15% for reasons including fluctuation in rupee-dollar exchange rates, impact of Covid-19 on the supply chain for components, an increase in memory prices of smartphones, and higher GST.

    More than 100 traders from Delhi, who get mango from South India, have given Rs 150-200 crore to farmers, said traders. Some 250 traders who buy mango from Uttar Pradesh have provided another Rs 200-250 crore as advance payment and were expected to a give a similar amount ahead of the harvest which begins in May-June, traders said.

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