New Delhi,April 19, 2021,Mr. Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry while expressing his full confidence in the resilience of the Indian economy said in a press statement issued here today that though many parts of the country have seen an emergence of the second wave of the COVID virus, the measures taken by both the central and the respective state governments would prove to be very effective and the nation would emerge out of the pandemic very soon.

Mr. Aggarwal mentioned about his telephonic conversation with Smt Nirmala Sitharaman, the Hon’ble Finance Minister of India on 18th April, 2021 in which the Hon’ble Finance Minister said that the Government is taking all necessary steps to ensure adequate availability of hospital beds, medicines, oxygen etc across the nation.

Mr. Sanjay Aggarwal said that the Finance Minister also mentioned that urgent efforts are being made to increase Covid-19 vaccine production in the country and to arrange for imports also to vaccinate nation’s population in the shortest time possible.

Mr. Aggarwal was also appreciative of the statement by the Finance Minister that the Government is not going to impose any National Lockdown which may harm the economy and that the states may impose lockdowns locally as needed.

We assure our fullest support to the Government of India to mitigate the daunting impact of the pandemic covid-19 on people, industry and economy, said Mr. Aggarwal

Mr. Aggarwal mentioned that the central government’s mass vaccination drive like the Tika Utsav along with the measures taken by states like Maharashtra and Delhi would help in curbing the spread of the virus.

PHD Chamber organized Tika Utsav at various state-chapters of the PHD Chamber including Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Chhattisgarh, J&K and North Eastern region to help build confidence among the people to come forward for vaccination without any hesitation, said Mr. Sanjay Aggarwal.

He added that India has a very high component of young population which shall help mitigate the risk of the virus.

Mr. Aggarwal however again stressed on the importance of social distancing, wearing masks and Covid-appropriate Behavior protocols.

Mr. Aggarwal believes that the nation needs to focus on setting up mini containment zones in areas suffering high infection rates with effective medical focus rather than implementing a national wide lockdown.
According to Mr. Aggarwal, sectors like manufacturing, services, and construction would have been negatively impacted if the government had decided to implement a complete national lockdown.

Mr. Aggarwal stated that there is a need for a normalization of all kinds of economic activity as the rollout of the COVID 19 vaccines gathers pace.