Piyush Goyal listens to industry representatives, says government will take 'balanced and nuanced approach' to problems

NEW DELHI: The Union Minister told trade representatives and representatives on Thursday that all his questions and comments will be sent to the finance ministry, which he said will take a balanced and nuanced approach to its problems in light of the situation.

The industry and industry minister interacted with various industry and trade associations through videoconferences to assess the situation on the ground and the problems they face in the wake of Covid-19 and the subsequent closure.

At the request of certain participants for the early announcement of the aid package for the industry, the minister said that the comments received will be sent to the finance ministry for consideration, which will probably take a balanced and nuanced approach.

Goyal said his ministry is working to resolve problems related to logistics and exports and imports, and is also addressing other industry and merchant concerns with various ministries.

Industry associations raised a number of issues, including illiquidity, cancellation of orders, labor shortages, different interpretation of central government orders by state and district authorities, stranded trucks and difficulties in obtaining spare parts.

At the same time, they reported that the situation has improved considerably in the past two weeks so much that the IT industry has been able to cover up to 95 percent of the ground, an official statement said.

The minister said the recently migrated labor force will return after COVID cases began to decline.

In addition, the minister said that the decision to end the blockade will be made at the appropriate time, after making the proper evaluation.

He called his attention to certain states that were planning to extend the closure.

Goyal called on the industry to adopt a calibrated and rational approach to the problem, by evolving protocols and procedures that will help them improve their productivity and efficiency, without compromising the health security of their employees and other stakeholders.

I think we should start talking more practically instead of making wish lists, he added.

The meeting was attended by officials from the IIC, Ficci, Assocham, Laghu, FISME, NASSCOM , PHD Chamber of Commerce and SIAM, ACMA, IMTMA, IEEMA, CAIT and FAME.