Corona outbreak hits industries dependent on Chinese parts

AURANGABAD: The coronavirus outbreak has hit industries in Maharashtra’s Aurangabad district, a prominent manufacturing hub, with companies finding it difficult to procure substitutes for Chinese parts. Companies have started sourcing products from other countries to continue their manufacturing without interruptions.

“Aurangabad has more than 4,000 companies and some of them source parts from China. The coronavirus outbreak in China has disturbed the supply chain of materials,” former chairman of Chamber of Marathwada Industries and Agriculture (CMIA) Prasad Kokil said.

The gap in the supply of raw materials can create problems, he said, adding that this is a chance to look for substitutes and decrease the dependency on Chinese parts.

The micro, small and medium enterprises can grab this opportunity, Kokil said.

Companies working in solar and energy sector have to import parts from China, solar and energy equipment manufacturer M P Sharma said.  …

Source: https://economictimes.indiatimes.com/news/company/corporate-trends/corona-outbreak-hits-industries-dependent-on-chinese-parts/articleshow/74190639.cms

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