Dr Vivek G Mendonsa (Director-Marketing, LYNX: Lawrence & Mayo)
"The Indian construction and Infrastructure segment has been at the forefront of the recent reforms across the country and had been growing steadily. Key Government initiatives like the smart city projects, digital India and Make in India programmes had further driven the exponential growth of the sector. However, given the massive pandemic that has forced global economies to slow down and caused major lockdown across financial and manufacturing hubs of the world, the Infrastructure and construction sector has also slowed down and come to halt. As of now, the immediate impact of the pandemic has been felt by both established brands and the SME & MSME’s sectors which are dealing with temporary stalling of current projects, thereby delaying completion. In the coming months, however, as the global economy starts to take stock of the overall commercial damage due to COVID-19, the resultant domino effect might bring some serious damages to the infrastructure sector. As a legacy brand working closely across projects with the public and the private sector, we at Lynx Lawrence & Mayo are well aware of our responsibility towards the country, the people, our stakeholders, and our employees and strive to do our best to fight the pandemic. We stand in solidarity with the Government and vouch to be a part of the rebuilding of a new India post the COVID-19."
No comments:
Post a Comment