Responding to the Corona Virus scare, Kribhco Managing Director Rajan Chowdhry said there is no option but to close down the Corporate office. Kribhco’s Corporate office is situated in Noida and the border between the two-Delhi and Noida has been sealed.
This is a time to observe maximum precaution and we closed down our corporate office on 23rd March, said Rajan while emphasizing that many of Kribhco employees come from Delhi and they face hardship in coming due to the sealing of borders.
Kribhco plants are running with minimal staff-members, informed Rajan who has recently taken over as MD and probably this is his first brush with a non-fertilizer related crisis- due to an unprecedented situation.
Underlining that Urea is an essential item as classified by the govt, Rajan Chowdhry said there are some issues in the transportation but I along with my team review the situation on a daily basis. “We have managed so far well wherever our stuff gets unloaded”, he added.
Readers would know that the Coronavirus Outbreak has led to shut down in 22 states. While the number of total cases in India has risen to 470 till Tuesday morning, domestic airlines have halted their operations till 31 March.
Indian economy has taken a hit with travel curbs and closure of malls, theatres and educational institutes. This would lead to a significant drop in economic activity, experts say.
The pandemic has hit the economy at a time when growth is all time low in a decade, they felt.
Moody’s Investors Service said Covid-19 will likely depress global growth in 2020 below 2.5%, the recessionary threshold for the world economy.
Prime Minister Narendra Modi earlier said that a “COVID-19 Economic Response Task Force’ has been set-up to meet the economic challenges arising out of the pandemic. Meanwhile, finance minister Nirmala Sitharaman said the government is in the process of assessing the impact the Covid-19 outbreak may have on the economy.
