Businessmen across sectors are feeling the pinch of the transporters’ strike, which entered the sixth day on Wednesday. They are suffering business losses as their inventories are shrinking, with fresh supply of raw material as well as dispatch of finished material coming to a grinding halt.
Exporters fear defaulting on orders as goods may not be dispatched on time. Local business leaders say that generally inventory stock caters to requirement for about a week and if the strike is prolonged, then they will be forced to stop production.
Players in sectors like chemicals, dyestuff and textile, which are either witnessing a revival after a prolonged slowdown or hoping for a revival, say the strike has come at a time when capacity utilization was increasing. But, the strike has slowed down production.
Courtesy: DNA India
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