Panaji: The industry in Goa is keeping its fingers crossed over the emerging threat of Coronavirus which may affect the raw material supplies from abroad in the months to come.
Goa Chamber of Commerce and Industry President Manoj Caculo told reporters in Panaji on Friday that the raw material stocks to sustain for next two-three months are available with the manufacturers.
“But if this situation continues for more than two-three months, then the companies will run in crisis,” he said speaking to reporters at a sideline of a function organised by Income Tax department to elaborate on centre’s “Vivad se Vishwas” scheme.
Caculo said that the tourism industry in the state has been immediate sufferer due to Coronavirus outbreak.
“Retail industry is also suffering as people don’t move out. People avoid going to public places. Hotel and Restaurant industry is also facing the brunt,” he added.
As far as manufacturing sector is concerned, he said, those companies who are depending for their raw material supply from countries like China are going to be the sufferers.
Overall, he said, the automobile sector has been affected. Caculo said that the sales in the automobile sector had already been sluggish coupled with the compulsion about BS4 engine.
“Four wheeler industry is not having much problem but there is problem with two wheeler industry. there is sufficient stock lying. It will needs to be exhausted,” he said.
The GCCI chief said that there is no need to press panic button at this juncture.
“Industry is waiting. There is no panic button pressed. If situation is not controlled by end of month, then the panic button will be pressed,” he said.
