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Coronavirus impact: Here's what Aditya Puri, Rajiv Bajaj, Baba Kalyani and others have to say

Updated : 2020-03-23 19:47:07

Read on to find out the measures top company executives are taking to continue and deliver to the public all the while maintaining high standards set by the government

More and more companies are taking extreme precaution to ensure the safety of employees and staff by shutting production facilities and allowing them to work from home. Here are a few measures that these top company executives are taking to continue and deliver to the public all the while maintaining high standards set by the government. Read on for more. (AP Photo/Rafiq Maqbool)
More and more companies are taking extreme precaution to ensure the safety of employees and staff by shutting production facilities and allowing them to work from home. Here are a few measures that these top company executives are taking to continue and deliver to the public all the while maintaining high standards set by the government. Read on for more. (AP Photo/Rafiq Maqbool)
Aditya Puri, MD of HDFC Bank | Happy that government has announced a lockdown. We should be concerned about impact on economy not just financial market. RBI’s MPC should announce a non-scheduled rate cut. We need to understand that the world is not coming to an end, government should give forbearance for the cash flow problem the virus will create. We should be concerned about health aspect more than any other thing. (Image: Reuters)
Aditya Puri, MD of HDFC Bank | Happy that government has announced a lockdown. We should be concerned about impact on economy not just financial market. RBI’s MPC should announce a non-scheduled rate cut. We need to understand that the world is not coming to an end, government should give forbearance for the cash flow problem the virus will create. We should be concerned about health aspect more than any other thing. (Image: Reuters)
Rajiv Bajaj, MD of Bajaj Auto | Safety of employees is paramount and we’re preparing for an eight-week haul. Plants at Akurdi, Chakan, Aurangabad, Pantnagar are being shut down. We should all be focused on how to minimise the spread of the virus. The situation is changing rapidly not just in India, but in our export markets too. There will be no job losses or salary cuts at Bajaj Auto. Will cover every employee until the end of the month in terms of jobs and salaries. (Image: Reuters)
Rajiv Bajaj, MD of Bajaj Auto | Safety of employees is paramount and we’re preparing for an eight-week haul. Plants at Akurdi, Chakan, Aurangabad, Pantnagar are being shut down. We should all be focused on how to minimise the spread of the virus. The situation is changing rapidly not just in India, but in our export markets too. There will be no job losses or salary cuts at Bajaj Auto. Will cover every employee until the end of the month in terms of jobs and salaries. (Image: Reuters)
Baba Kalyani, MD of Bharat Forge | Our entire focus is on the health and safety of employees. None of the vendors are operating and we have ample cash on our balancesheet. If there is no manufacturing for the next two to three months, fixed cost payments will be difficult. (Image: Bharat Forge)
Baba Kalyani, MD of Bharat Forge | Our entire focus is on the health and safety of employees. None of the vendors are operating and we have ample cash on our balancesheet. If there is no manufacturing for the next two to three months, fixed cost payments will be difficult. (Image: Bharat Forge)
Pawan Goenka, MD Mahindra and Mahindra | Foremost consideration for us is to ensure safety and good health of our employees. We have shut down our plant in Nagpur, which is our largest in India. Have implemented work from home for our employees and most factories will  shut down in coming days. We have also shut all showrooms across the country. We will continue to make payments to our suppliers on schedule as April is the peak month for manufacturing tractors and will not delay payments to any daily wage workers associated with us. (Image: Mahindra and Mahindra)
Pawan Goenka, MD Mahindra and Mahindra | Foremost consideration for us is to ensure safety and good health of our employees. We have shut down our plant in Nagpur, which is our largest in India. Have implemented work from home for our employees and most factories will  shut down in coming days. We have also shut all showrooms across the country. We will continue to make payments to our suppliers on schedule as April is the peak month for manufacturing tractors and will not delay payments to any daily wage workers associated with us. (Image: Mahindra and Mahindra)
Kiran Mazumdar Shaw CMD Biocon | The government should rope in the private sector to increase capacity via tests, hospital beds, ICUs and ventilators. COVID-19 is still under control in India, but we need to be very careful as collection of samples is very critical. Many labs can come onboard very quickly to assist in conducting tests and large indigenous companies could help develop testing kits. We need to actively maintain social distancing as the public health system in India is not quite robust. (Image: IANS)
Kiran Mazumdar Shaw CMD Biocon | The government should rope in the private sector to increase capacity via tests, hospital beds, ICUs and ventilators. COVID-19 is still under control in India, but we need to be very careful as collection of samples is very critical. Many labs can come onboard very quickly to assist in conducting tests and large indigenous companies could help develop testing kits. We need to actively maintain social distancing as the public health system in India is not quite robust. (Image: IANS)
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