: CICU submits memorandum to MHA, Punjab CM; suggests measures to restart industries #FinanceIndia #StockMarketNEWS CICU submits memorandum to MHA, Punjab CM; suggests measures to restart industries

@StockMarketNEWS Wed 29 Apr, 2020

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CICU submits memorandum to MHA, Punjab CM; suggests measures to restart industries #FinanceIndia #StockMarketNEWS
CICU submits memorandum to MHA, Punjab CM; suggests measures to restart industries Ludhiana, Apr 27 (KNN) The Chamber of Industrial and Commercial Undertakings (CICU) has submitted a memorandum to Home Minister Amit Shah and Punjab Chief Minister Capt. Amrinder Singh, where it suggested some measures to help the industry to restart.

Industry is passing from crucial situation due to Lockdown, since more than a month most of the Industry and Commercials Undertakings are waiting to open. Situation with Covid-19 is also not satisfactory to balance health and economy, said Upkar Singh Ahuja, President & Pankaj Sharma, General Secretary, CICU.

The industrial body in its suggestion sought that minimum 70 per cent industry must be allowed in one go on all India basis, also open warehouses, industrial supplies otherwise production cannot start for shortage of Raw material, consumables and components.

Staff and workers allowed to attend the premises at their own Social distances to be followed, Govt. should allow workers to come by any mode, i.e. by foot or by two wheelers. Pillion Riding may be disallowed to prevent contact, it suggested.

The CICU said that though it will take long time for the economy back on track, the said suggestions will help the industry to restart.

It will help engaging the labour to certain extend, restating will be also in phased manner, starting for 20 percent and gradually increasing, CICU said in a statement.

The other suggestions are as follow:

-- 1. Industry in mix land area and Industrial approval areas to be considered at Par.

-- 2. Sales outlets should also be opened keeping social distancing.

-- 3. Industry and Business premises have to maintain social-distance, Temperature checking, Sanitization as per norms etc.

-- 4. No harsh action against the industry owners, if employee found effected with Crona virus.

-- 5. Industry follow S.O.P need not to get approval from any department, otherwise it will be a mess up, no department can give approval to huge number of Business to a undertakings.

-- 6. Transport and Highways to be fully operational for smooth transportation of goods.

-- 7. Electricity authority should charge only price of energy consumed for next six months no other charges like average or fixed charges.

-- 8. Business premises in sensitive area can be considered in second phase.

-- 9. MHA and state Govt. should release guidelines accordingly.

-- 10. As lot of enterprises are facing financial crunch so deposit of GST should be exempted for at least six months. On the other hand, refund of VAT& GST should be expedited which will provide relief to business men.