In Order To Slow Down The Economic Impact Of The New Crown Virus Epidemic, India Is Studying To Allow Exporters To Resume Work.

In order to prevent the spread of the new crown virus epidemic in India, the government of the city of India implemented a 21 day nationwide measure of city closures and social estrangement, which was prohibited except for people's livelihood and basic and essential services, resulting in the failure of the exporters to deliver the goods on schedule. In order to reduce the economic impact of epidemic and epidemic prevention measures, Piyush Goyal, Minister of Commerce and industry of India, invited export promotion organizations to check the affected industries in April 8th. It is alleged that Anup Wadhawan, Vice Minister of Commerce and industry, also sent a letter to the deputy head of the Ministry of interior, asking it to allow export workers who need to catch up before the end of April to allow some workers to resume production when they are required to comply with epidemic prevention, hygiene and social alienation.

As the main export markets in India are facing the impact of the epidemic, the total exports of foreign goods in India (2020) will be significantly reduced by 13% to 32%. S K Saraf, President of Federation of Indian Export Organizations (FIEO), wrote to Prime Minister Moody's in India in April 7th, pointing out that the average number of exporters in India was more than 50% of the cancellation order loss, and the labour intensive industries such as leather, carpets, handicrafts and garments were more than 75% of the order loss, which had never been seen before. India exporters hope that the government will allow half of the manpower to resume work. In addition to maintaining basic revenue to pay rent and staff salaries, it will also prevent the idle workers from being forced to return home to create epidemic prevention loopholes and social worries. At the same time, Chinese mainland operators can avoid the opportunity to seize the market. India, Punjab, Rajasthan and Maharashtra also expressed their wish to allow the manufacturing industry to resume work.

FIEO has proposed to the government of India a zero interest rate loan of 300 billion rupees (about US $4 billion) to solve the liquidity shortage of exporters, so that labour intensive industries will be forced to lay off large numbers of workers in order to save operating costs and reduce expenditure after the closure of the city. FIEO also suggests that the government should exempt employers from paying 3 months' Employee Provident Fund (EPF) and local insurance (Employees) State Insurance (ESI) to reduce the financial pressure on employers to pay salaries and insurance payments at the same time.