Page 27 - August-2020-Issue

ARTICLE

Storing of fuel being a graving
concern, where will the crude
oil go?
Coming to the heavy industry,
Steel or Power sector, all are
affected. Power consumption
has gone down since most of the
units are closed. When we talk
about public sector, a number of
companies are inter-dependent.
What will happen to the expan-
sion plans of NBCC, multiple
numbers of projects in hand?
SBI had given about Rs. 26,000
crores to NHAI (National
Highway Authority of India),
corpuses to sustain this lock come to India because the growth for infrastructure, road construc-
down, what about the count- was tremendous. Boeing tion, national highways in the
less airhostesses and ground and Airbus had plans to sell making, everything has stopped.
handling staff with an average aircrafts, what will happen to Numerous losses are not just
5 digit salary? Not just the air- that? Now everything sudden- to the public sector of central
port staff, numerous workers ly has come to a standstill post government, but also to the state
today are on contract basis. If lockdown, the future of avia- government undertakings. Look
at an airport about 11-12 agen- tion is hazy. One can’t take work at the steel plants of the coun-
cies work, about 50-60% is con- from home from the flying peo- try, Steel Authority of India.
tract labour be it taxi, trolley ple in this sector. Wherever pas- Zero consumption instigates fail-
operators, shops, parking lot senger facilitation is concerned, ure of the entire supply chain.
people. Where will they go? How robots can’t replace the human This contagion will impact not
are the airlines going to pay touch. Sadly, losses in the avia- only manufacturing, but ev-
for all of them? Airports Authority tion industry may take years to ery process and service. Entire
of India, the biggest organisation, come to normalcy. coal production has stopped,
Helicopter Corporation, govern- In the Oil industry, apart from Coal India employs about 3 lac
ment undertakings may be able public undertakings we have people, about 15 lacs would be
to compensate, but the question opened license to ESSAR, Reli- contract labour, and how will
is for how long? We were going ance and other people in pri- they endure this shock? Take
in a big way to outsource about vate sector besides Hindustan another sector, shipping. About
60-70% to cut short manpow- Petroleum, Indian Oil and Bharat 93% cargo movement is done
er, but that has gone in private Petroleum. When movement by the ships across the world,
hands, that too are affected. is locked, entire supply chain, India having its own share.
How the management will be entire logistics is at a standstill. No movement, no money.
done about the projects of India, Fuel pumps have closed due to Productivity loss is unimagi-
when 150 regional connectiv- negligible consumption of fuel nable, when fuel is not sold,
ity airports were to come up in on vehicles in transportation buildings are not constructed,
the country, what will happen sector. This doesn’t end here; airlines are not running, retail
to that? Money is already in the oil industry is also one of the sector is shut entirely. This co-
pipeline for the construction, biggest sufferers because right rona virus has paralyzed the
modernisation of airports, etc. from their plans for refineries to world and economic loss is
My heart beats for the expansion marketing activities to storage enormous. Countless proj-
plans in this sector, about 1000 air- and consumption, everything is ects were in pipeline, money
crafts orders were pending in pri- at a halt. Private sector had invest- has already been allotted, we
vate airlines and other sources to ed a lot of money for expansion. can’t imagine what amount of

May
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