City
Epaper

U'khand businesses have lost Rs 9,000 cr amid lockdown, says IIA President, Uttarakhand

By ANI | Updated: April 23, 2020 16:50 IST

The ongoing nationwide lockdown imposed in the wake of the COVID-19 outbreak has had a devastating impact on Uttarakhand's small businesses, whose losses now amount to Rs 9,000 crores, said an Indian Industries Association (IIA) official on Thursday.

Open in App
The ongoing nationwide lockdown imposed in the wake of the COVID-19 outbreak has had a devastating impact on Uttarakhand's small businesses, whose losses now amount to Rs 9,000 crores, said an Indian Industries Association (IIA) official on Thursday.

Speaking to , Pankaj Gupta, President, IIA, Uttarakhand-chapter, said: "The industries are facing various problems due to the lockdown. In terms of production, we have suffered a loss of Rs 9,000 crores till now. Industries are experiencing losses amounting to around Rs 300 per day, as out of 6,500 MSMEs and large industries, only 2,000 remain open."

He further stated that most of the labour force has gone away, which has added to their problems.

"Our labourers have also gone away, whom we had trained, and we don't know if they would be able to come back. So we have lost our labour and production, and that is why the market is facing huge losses rapidly."

He requested the government to provide six months of relief on loan waivers, fixed charges, electricity duties, etc.

"We are very worried, and we are assuming that it will take us atleast six months to fully recover from the situation. We want to get out of this situation as soon as possible," added Gupta.

The nationwide lockdown has been extended till May 3.

( With inputs from ANI )

Tags: Indian industries associationuttarakhandPankaj GuptaKota to uttarakhand
Open in App

Related Stories

NationalUttarakhand Helicopter Crash: 4 Tourists Killed, Two Injured As Chopper Crashes Near Uttarkashi Forest

NationalChar Dham Yatra 2025: Uttarakhand Establishes Mobile Network in Rudraprayag, Offers Free WiFi for Pilgrims

NationalNainital Horror: Sexual Assault of Minor by 76-Year Old Sparks Communal Violence in Uttarakhand (Watch Video)

NationalWatch: Kedarnath Temple Decorated with Flowers as Doors Open for Darshan on May 2, Video Goes Viral

NationalUttarakhand Weather Update: IMD Issues Thunderstorm and Rainfall Alert For These Districts for Next 24 Hours

National Realted Stories

NationalTelangana attracted Rs 3 lakh crore investment in 15 months, says CM

NationalNHRC seeks ATR from Odisha CS over underutilisation of DMF funds

NationalWill 'Sunny' days return to the Congress party in Kerala?

National'Bhay binu hoy na preet': Operation Sindoor sends Ramayana-era message to Pakistan

National‘Pakistan bowed before PM Modi’: Kumaraswamy lauds success of Operation Sindoor