MCCIA President Sudhir Mehta said,Sudhir Mehta MCCIA President
“While there is month on month progress, we hear that MSMEs are facing some acute challenges. One of the key challenges faced in the recent past is that of escalating raw material prices, especially that of metals like iron, steel and aluminium and even plastic. This is making operations of many unviable. We appeal to the Government to take note of this and intervene appropriately.”
Profile of respondents:
The distribution of organisations surveyed from micro, small, medium and large scale organisations was 17 per cent, 30 per cent, 22 per cent and 31 per cent respectively.
- 65 per cent of the organisations surveyed were from the manufacturing sector
- 13 per cent from the services sector and the rest were involved in both manufacturing and services.
MCCIA Director General Prashant Girbane said,
Prashant Girbane
“While the weighted averages show only a marginal increase in production this month, the large companies show between 85 to 95 per cent recovery on an average.
MSMEs are catching up especially in the last couple of months. Across the board, companies are more optimistic about full recovery in this month’s survey responses as compared to last month.”
Future expectations:
The surveyed companies were also asked about when their production levels were expected to be the same as they were in January 2020.
- 27 per cent of the companies said their production was already at pre-COVID levels.
- 23 per cent of the respondents now said that they expect their production levels to go back to the pre-Covid levels in less than 3 months.
- 31 per cent of the respondents said they expect it to take between 3 to 6 months
- 13 per cent said it would take between 6 to 9 months
- 4 per cent said it would take beyond 9 months
- 2 per cent were uncertain
Pune MSME MCCIA 9th Survey findings