Over a month of lockdown due to the coronavirus pandemic has brought uncertainty to the economy of Noida and Ghaziabad. While Noida (Gautam Buddh Nagar) has the highest per capita income in the entire national capital region, Ghaziabad is also a hub of thousands industries.

A worker grinds metal to finish at an industrial unit in Bangalore (Photo: AP)

Over a month of lockdown due to the coronavirus pandemic has brought uncertainty to the economy of Noida and Ghaziabad. While Noida (Gautam Buddh Nagar) has the highest per capita income in the entire national capital region, Ghaziabad is also a hub of thousands industries.

Jointly, both the cities contribute nearly Rs 40,000 crore annually to the country’s economy. With one month gone without any work, the entrepreneurs are facing heavy losses.

Noida Entrepreneurs Association (NEA) president Vipin Malhan said 2020 will be completely missing when it comes to revenue generation. “So far, no government officials have discussed anything about functioning of industries and other businesses.

Despite Noida being an industrial city, the entrepreneurs are not being considered before taking any decision hence uncertainty looms over the future of the business,” said Malhan.

He said even if industries are allowed to operate with restrictions or with limited staff or only selected businesses will be allowed to run, it will not help the business at all.

“Running an industry is like being dependent on other businesses. One industry cannot run on its own. There is a need of raw materials, packaging, machine tools, labourers and others and all are interconnected. So opening half of the business will not fulfill the goal. This year will take heavy toll on the business so the government should consider relaxation in taxes,” Malhan said.

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