Trade and industry faced several hiccups in 2021
   Date :31-Dec-2021

Trade and industry
 
 
Business Bureau :
 
The year 2021 brought several roadblocks in the voyage of trade and industry due to COVID-19 pandemic. After witnessing some sunny days in the business, the third wave had been predicted in the New Year. This has thrown cold water upon the dreams of trade and industry. The Hitavada took reactions of the trade and industry. B C Bhartia, National President of CAIT: The last quarter of financial year ending March 2021 tried to cover up the losses of first three quarters of previous calendar year. The demand curve showed upward movement. Market experienced entry of new products. A ray of hope for unprecedented rise in economy was suddenly shattered with the second wave of Corona. The festival season which started from Rakshabandhan continued till Diwali. Suresh Rathi, President of VIA: Industrial oxygen divergence to hospitals for life saving, taking care of and retaining the work force, Zilla Udyog Mitra meetings, increased online connectivity with other districts and regular monthly publication of our Enterprise magazine are some satisfying things besides other events.
 
CAMIT under leadership of its President Dr Dipen Agrawal consistent efforts gave many MSME copper units lifeline by successfully impressing upon Union Government to correct the inverted import duty structure on copper products. Protest march, car and bike rally were organised to draw governments attention towards the existential crises being faced by entrepreneurs in bars, restaurants, food joints, hotels, mangal karyalay, tent house, caterers, coaching classes, malls etc. Ashwin Mehadia, President of NVCC: Although it was a challenging year for shops owners and commercial establishments somehow managed to survive in the midst of the second coronavirus wave.
 
The State Government imposed lockdowns and restrictions on the timings of shops and commercial establishments to restrict the spread of COVID-19 in an impractical manner. In the interest of traders and shop owners, NVCC relentlessly protested and even had to come out on the road to demonstrate its objection against the Governments restrictive orders. Agrovision, one of the country’s largest exhibitions, recently concluded its event in which VED Council, under leadership of its President Shivkumar Rao played an active role in conducting various workshops on the latest agricultural techniques for farmers where experts from all over the country gave their presentations. In the same event, VED Council delegation including IPP Devendra Parekh and V-P Pradeep Maheshwari met Narayan Rane, MSME Minister, GoI, and submitted its memorandum to promote MSMEs. VED is trying to bring Petrochemical Refinery and Integrated Steel Plant.
 
C G Shegaonkar, President, of MIA: Still there are apprehensions due to the emerging scenario mainly because of the new Omicron variant but industries slowly and with grit are returning to their routine tackling the challenges. With Government announcing various beneficial schemes PLI. The year 2021 witnessed COSIA, Vidarbha Chapter, led by late Mayank Shukla, founder Chairman and supported by present Chairman CA Julfesh Shah represented on various issues concerning MSMEs. Tejinder Singh Renu, President of NRHA: Although, 2021 started with massive strike of second wave. But soon, with the massive vaccination drive hotels, restaurants and banquets picked immediately after second wave lockdown was lifted. However for few hotels and restaurants, this pandemic shut them permanently. The Nagpur First Foundation with efforts of its Treasurer Sachin Jahagirdar organised its 8th Global Nagpur Summit 2021 in December. Solar Industries successfully demonstrated its prototypes Weaponised Drones (Hexacopter) and Loitering Munitions to late Chief of Defence Staff General Bipin Rawat PVSM UYSM AVSM YSM SM VSM ADC. CMD of company Satyanarayan Nuwal was present.