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MSMEs in Gujarat face tough time post unlock in COVID-19 pandemic

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GUJARAT : The COVID-19 pandemic has hit hard all the industries, especially Micro, Small and Medium Scale Enterprises (MSMEs).

Higher cost, low fresh demand, fixed expenses and limited cash are the few factors jolting the sector now.Anticipating that getting back on track will take a long time, the MSME sector in Gujarat is adopting an aggressive business restructuring model.

36% business units are reducing the fixed costs heavily; 22% of units switched to multi-tasking process to get the maximum output from minimum manpower at low cost.These are the finding from a market survey carried out by Surat-based Stratefix Consulting.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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