Founder and Managing Director Tergus Works Pvt Ltd
Are there any thoughts within individual members, trade associations to come together and work cohesively so that losses can be minimised?
We have been talking to a few members of the textile council and prison authorities to work together with state governments to collaborate and manufacture khadi face masks. Many prisons across the country have been manufacturing masks, a product that is going to have more value as time passes. This also allows us to have continued work and will help in reducing financial stress.
We are looking at manufacturing other hygiene essentials like soap and sanitation liquids for state governments and government bodies.
We have also been closely working with investors groups, most of whom have set up collective funds to facilitate purchase orders and working capital requirements for micro, small and medium enterprises and start-ups.
By when are you expecting the revival process to commence?
Honestly, there is no time like today. It is important to strategise each move to be absolutely sure of what you will be doing when the actual revival process brings. It is imperative to minimise the mistakes you make whenever the process starts and according to me, the best way is to collaborate with known partners, make use of government schemes and look to start small rather than have a very dynamic re-entry, as this will be a long and painful process of rebuilding if we are not careful.
Is your business entity expecting any specific measure from the government or its nodal departments?
At a time like this, it is very important for each business owner to understand and live with the fact that it is every individual to him or herself. Government bodies will have their hands full with resolving the crisis first, and will look at economic development much later. While most departments might not have the full authority to aid everyone in need, it is necessary to strategise without expectation of aid from the government for a few months. So I would say a self-sustaining strategy will be the way ahead.
There is a lot of talk about rewiring businesses to arrive at the new normal. Any thought process towards this at the company level or collectively as an industry?
History shows every country or industry has recovered from any crisis with collective efforts. We should learn from the mistakes we have made, we have been relying for so many things on different countries, be it raw materials, designing, trends or purchase orders. China has been dominating, Bangladesh and Vietnam have grown considerably in their exports and have become known even to produce quality goods.
India is rich in raw material sources, manpower and intellectual wellness. We must have a self-sustaining model, and I would definitely urge fellow businessmen, industrialists, colleagues, traders, manufacturers and the government to promote Indian goods. We have one of the largest manufacturing bases and a population that can consume a lot.
On an industry level, India is the third largest footwear consumer in the world, producing close to 2 billion pairs of all footwear combined. We also have the industrial knowhow, domestic brands and the raw material for finished goods.
A whole lot of enterprises have begun manufacturing of masks and other personal protective equipment (PPE) required in bulk today. Has any such step been taken by anyone in your sector? Is the industry or cluster mulling over any such initiative?
We are closely working with the textile industry, state government bodies and associations to build a steady supply chain of all essential items including khadi face mask, hand sanitiser, soaps and even textile-based PPE for frontline workers healthcare.
Every state has issued requirement lists and is helping manufacturers in setting up supply chains to produce and supply the products without difficulty.
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