This is an exceptional year for the business and the pandemic has impacted various industries worldwide. The construction sector has also been significantly impacted during this period.
The project implementation cost may go up and will experience a likely delay of a few months. However, Unlock 1.0 has provided an ease to the businesses for re-starting and operating the projects that they were handling prior to the lockdown. Priority should be given to the clearance of pending projects and completion of projects nearing completion, which could act as a quick win for reviving the economy. All the hurdles apart,the lockdown has also given the construction industry an ease to work on the projects that were difficult to conduct on normal days due to the intensity of the everyday human movement.
At Atlas Copco, our focuscontinues to be the safety of our employees and our customers. We have taken the necessary steps to ensure social distancing and hygiene norms in both of our Chakan and Dapodi production facilities in Pune. As manufacturers of world class portable air compressors, light towers and handheld tools, we maintain the highest norms for employee care while ensuring our equipment meets the quality and performance which our customers have come to know and expect. Besides this, our service team follows strict pre-defined SOP for on-site visits, which are necessary to ensure our portable air compressors and light towers are always up and running. We also manage service requests remotely wherever possible with our Power Connect mobile app, designed to support customers online with the help of Parts manuals and step-by-step assistance over the internet or phone.
Construction sector in India is very important as it contributes to around 60% of the total investments; it will come back strongly to support the economy revival. We very hopefully look forward to projects getting kick-started giving us continued opportunities to touch lives and improve infrastructure needs of people in India. We expect a staggered growth in the short term but anticipate stability and a growing industry demand in the long term. The relief packages introduced by the Government will also help in boosting the economy and provide a positive direction to the industry.