The pandemic has taught us that people can live with less. Despite showing some resurgence of growth, it will take time to get back to pre-pandemic consumption levels. The demand has to be managed by industry recalibration to become much more discerning in terms of quality, time and delivery. MSMEs will now have to recalibrate to become that part of the value chain driven by e-commerce. The capital and corporate bond market must be looked at by more industries and MSMEs to source funds. Industries need to reform themselves to adopt digital solutions and with greater use of data. This was informed by Economic Advisor to the Chief Minister of Rajasthan & Vice Chairman, Rajasthan Economic Transformation Advisory Council, Dr Arvind Mayaram. He was addressing the webinar on ‘Getting Back to Business 2.0’ organised by FICCI Rajasthan State Council.
Secretary – Industries & MD, RIICO Ltd, Government of Rajasthan, Mr Ashutosh AT Pednekar said RIICO will develop 147 new industrial areas in three years in Sub-Divisions with no industrial area presently, of which 68 will open during this year. Also, average plot size has been decreased from 1000 square meters to 250, 500 and 700 square meters, the price for which in some cases is as low as Rs. 2 lakhs/plot. A new corporation, Rajasthan Industrial Corridors Development Corporation is being formed with 51% State Government and 49% Central Government stake for which Central Government will provide around 6000 Crores as equity. Similarly, The Finance Commission has provided Rs 500 Crores for Neemrana Industrial Township Area. The Petroleum, Chemicals & Petrochemicals Investment Region at Pachpadra will be launched during July 2021.
Chief General Manager – Rajasthan State Bank of India, Mr Amitava Chatterjee said that the industry has been resilient, the credit of which goes to the citizenry. The capacity building during this period has made the industry ready to deliver on the demand. There is a need to maintain continuity of business and We are ready to cater to restructuring requirements of the industries during these extraordinary times.
Dy CEO Cairn Oil & Gas, Mr Prachur Sah said that the organization is engaged in raising awareness of vaccines for nearby communities with support from the State Government. Barmer accounts for around 23% of country’s crude oil production and there is a potential to double the production for which we should incentivize production and have faster clearances.
President Federation of Rajasthan Exporters, Mr Rajiv Arora said that the vaccination policy needs to focus more on industrial workers. Camps should be held to vaccinate all on-site workers who are also frontline workers. Exports & Tourism needs support and would be drivers for growth in future,
Chief Executive Officer Hindustan Zinc Ltd, Mr Arun Misra said that the health of the people is a priority for risk prevention. All employees, contractors and their families of the organization are being vaccinated on priority. Implementation of rules on- ground by an empowered District Collector is key to driving growth.
Delivering the welcome remarks, FICCI Rajasthan State Council & CMD, Kajaria Ceramics Ltd, Mr Ashok Kajaria said that retail shops should be open from 6 am to 10 pm. This will avoid over-crowding and give more time to consumers for shopping. All industrial workers should be vaccinated in the next 2 months. A special tourism package should be announced on a priority basis.
The closing remarks was delivered by Chairman, FICCI Rajasthan Sub-Committee on HR & Skills and Vice President, Honda Cars India Ltd, Mr Sunil Kumar Yadav.