Do not impose another lockdown, says KASSIA
The Hindu
‘It will adversely impact MSMEs, State economy’
The Government should not resort to a knee-jerk reaction by imposing another lockdown in the State, the Karnataka Small Scale Industries Association (KASSIA) said on Monday.
Cautioning the Government, the trade body that represents MSMEs (micro, small and medium enterprises) in Karnataka said small-scale industries were yet to recover fully from the devastating effects of the earlier lockdowns and therefore any further lockdown would adversely impact the business recovery of small units and in turn decrease revenue to the state exchequer.
“Another lockdown may force many micro and small enterprises to down shutters and add to the unemployment problem. With another lockdown all expectations of the economy being on a rebound will evaporate in no time,” said KASSIA in a statement.
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