India is getting back to work after staying under lockdown for 75 days. Malls, hotels, restaurants, places of worship are reopening in some states in accordance with the central guidelines of safety measures.
CNBC-TV18’s Latha Venkatesh spoke to Rajiv Bajaj, MD of Bajaj Auto to understand the manufacturing standpoint and to find what all this opening meant for the industry.
What is open now and what remains shut that depends entirely on respective state governments which have been given a freehand to decide the reopening strategy. For instance, Maharashtra has not allowed malls to open, restaurants too can only do home delivery and takeaways. However, shops have started opening.
Delhi has loosened many more rules and there malls and restaurants can also open but banquet halls remain shut. However the point is that you can shop. That is very important and that was very important for the auto sector which accounts for a large part of India’s manufacturing piece – auto and auto ancillaries.