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COVID 19 : Trade & Industry to shut down in Karnataka till March 31

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Bengaluru :

The Trade and Industry bodies in Karnataka on Monday decided to shut down labour intensive establishments including MSME units till March 31 in order to contain the spread of Coronavirus.

Federation of Karnataka Chambers of Commerce and Industry (FKCCI), Karnataka Small Scale Industries Association (Kassia), Peenya Industries Association, representatives of garment and printing industries decided to shut down from March 24 and 31.

We at FKCCI, Kassia and PIA having considered the health and safety of the workforce are prepared to adhere to the orders/directive of the government of India and the government of Karnataka requesting the member industries and trade to close their offices and units till March 31,” said C R Janardhana, President, FKCCI and R Raju, President, Kassia in a joint statement.

They said an estimated 70 Lakh workers employed in 6.5 Lakh Micro, Small and Medium enterprises and service establishments across the State will declare paid holiday till March 31. This measure will lead to production loss to an estimated Rs 10,000 Crore per week, while the state government will lose GST revenue to the extent of Rs 3,500 crore per week, Raju said.

The government, in its order, said all information technology and bio-technology units will ensure work from home except where it is not feasible to do so and in respect of the units and staff dealing with critical and essential services. All air-conditioned bus services of road transport corporation and private operators shall be stopped.

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