The civil industry was already facing lean time mainly due to the new RERA Act. The biggest blow was the demonetization. People used to invest the black money in the Construction Industry. The flow of money stopped. Many people lost their job as the Industry started sinking followed by strict RERA Regulations. Now the builder cannot cheat. The law is good but the government must have anticipated this. Now COVID 19 Pandemic has come as the last nail in the coffin.
How to the experts feel please enlighten on the issue.
Hi Shashi,
Please follow the link below that kight help u understand the current impact of Covid-19 on civil sector.
https://www.google.com/amp/s/m.economictimes.com/industry/services/property-/-cstruction/covid-19-impact-construction-projects-hit-as-workers-keep-away/amp_articleshow/74738820.cms
There are multiple consequences of the lockdown, which would further stretch the troubles for the sector like reverse migration, disruption of supply chains, amongst others. Cumulatively, the above circumstances would cause hindrance in meeting the obligations under the construction and engineering contracts and would lead to multiple legal wrangles for the industry post lifting of the current restrictions. some industries may unwittingly prosper under the pandemic, while some would weather the storm, albeit with much difficulty, but of the hardest affected, industry sector is definitely on the wrong end of the curve.
Hi Shashi,
Please follow the link below that kight help u understand the current impact of Covid-19 on civil sector.
https://www.google.com/amp/s/m.economictimes.com/industry/services/property-/-cstruction/covid-19-impact-construction-projects-hit-as-workers-keep-away/amp_articleshow/74738820.cms
In concerned to civil construction industry dilution, because of shrink of university's, colleges and multiple industries, resulting reverse-migration due to COVID19. The business shrink and trouble can get counter balanced or can be well maintained by incorporating certain new features in current policies.
1- Providing, basic facilities to employees, students etc within working premises to minimise there's travel etc.
2- Providing preferance to local people or nearby people.
3- The civil construction work for making hostels, families residential quarters, tuck shop markets etc shall help in boosting the civil construction work, globally.
4- Factories, universities etc can initiate there's own training center to get high skilled manpower by incorporating local residents or nearby residents.
5- Recruitment should be for long time.
Re-shoring of migrant work force is seen as an aftereffect of COVID-19.In post pandemic situation the companies should balance the workforce between the migrant workforce and local manpower to cope with such situation in future. Even though migration is still inevitable, it should be controlled so that it is both beneficial for locals and helps in controlling a spread as seen in COVID-19 case.
Hello,
I think that the biggest impact of COVID 19 on Industry, specially the Civil Industry , would be on production lines shutdowns,, for processes which are just-in-time (not enough materials or semi-finished products stocks), and therefore the associated costs.
Is it clear enough for you ?
Bye
Bruno
I agree with most of the ideas and solutions. The government must declare some packages to material suppliers and Labour providing firms must come with the help of the government and all stakeholders must provide the work and assure minimum wages. This will help to organize the workforce. Skilled and unskilled labor can be used both in agriculture when free and also in the civil industry.
Hello again !
I think that the biggest impact of COVID 19 on Industry, specially the Civil Industry , would be on production lines shutdowns,, for processes which are just-in-time (not enough materials or semi-finished products stocks), and therefore the associated costs.
In fact, the health crisis of covid1 9 points to the limits of distant supplies (in particular from Asia) and the global centralization of stocks. New models are now to emerge! Is it clear enough for you ? Bye Bruno
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