CII Hails Proactive Measures Taken By State & Central Govts

Hyderabad, March 26 (Maxim News): Corona virus pandemic placed extraordinary demands on industry and people of country. “We welcome the efforts of the Central and State governments in combating the spread of this virus. The CII also applauds the efforts of all those who strive to provide essential services and healthcare to the country in this time of need”.

In a statement here today, Satish Reddy, Chairman, CII Southern Region, said the industry was doing its best in the face of this crisis – however industries such as tourism, hospitality, retail, aviation and others have been considerably affected by this unforeseen turn of events. He said the support from the Central and State governments can help significantly in managing disruptions and ensuring business continuity. The CII recommends that the Government consider fiscal and monetary stimulus measures to soften the adverse impact on consumption and overall economic activity in the country, he said. The CII urged the industry and citizens of this country to adhere to the recommendations of the government and authorized agencies to support their efforts in overcoming the challenge that confronts us, he added. (Maxim News)