PHD Chamber urges the Government to find solutions to end Truckers’ Strike, loss to economy has crossed tolerable limits

No.PR-59 July 26, 2018 New Delhi PHD Chamber urges the Government to find solutions to end Truckers’ Strike, loss to economy has crossed tolerable limits Mr. Anil Khaitan, President, PHD Chamber of Commerce and Industry while expressing his apprehensions about the continuous truckers’ strike and its damage to the economic activity said that Government should find solutions to end the ongoing truckers’ strike as the loss to the economy has crossed tolerable limits. More than 20,000 crore of economic activities have already been impacted due to the suspension of operations during the last week in terms of movement of goods within India and destined for exports to international markets, said Mr. Anil Khaitan. Mr. Anil Khaitan expressed worriness that strike can have severe impact on our exports growth trajectory and country can lose an opportunity to avail the benefit of growing global demand. The strike has impacted the growth and productivity of manufacturing sector, as disruptions in the supply chain is resulting into cut in production on account of non-availability of raw materials, said Mr. Khaitan. The hit on production would impact the revenue realizations of firms and a loss to the exchequer, said Mr. Anil Khaitan. The increase in prices of vegetables and fruits on account of disruptions in supply chain will impact the food inflation and may stoke the overall inflationary scenario in the coming times, added Mr. Anil Khaitan. The ongoing truckers’ strike has affected every single person directly or indirectly involved in the business as the sales of perishable and non-perishable items has been impacted, he said. At this juncture, the Government should put its best foot forward to resolve this critical issue to save the Nation from huge difficulties, said Mr. Anil Khaitan. Ends. Koteshwar Prasad Dobhal Consultant (PR)