Paint Industry People Talk About Their Suffering Due To COVID-19

Paint Industry People Talk About Their Suffering Due To COVID-19 — Up to what extent COVID-19 did bad to all economies is known to everyone. Every individual and every business, even every economy has its own story. The deadly virus didn’t spare anyone in the world from its ill effects. It affected by one way or another to all.

PAINTVISION organised an online survey program to know the experiences and sufferings of paint Industry people amid CORON. Being asked about the challenges faced by them because of CORONA, many paint Industry people shared their condition and pain.

Mr. Abbaas from Lukmani paints, Mumbai talked about the payment issue. Ashwin Nagpal from Eurodec Paints expressed his disappointment over dull demand. Jayesh Parekh from Hindustan Colour and Chemical Industry, Mumbai said that demand has touched its lowest point ever. They are not getting any payment but they are paying full salary to office and factory staff. Mr. Deepak Maru from Technocrat Solutions, Vapi said that all major paint activities has come to a halt. No new business projects are being started and they are facing manpower shortage too. Parveen Garg from Pee Kay Udyog, Delhi told that they are facing shortage of cash flow and painters and their peak season has been fully destroyed by pandemic. Ankit Raj Gupta from Aavo Chemicals Industry Pvt. Ltd., Gwalior said that they are facing scarcity of working capital as payment cycle has fully stopped. Abhishek Murarka from Pashupati Paints Pvt. Ltd., Kathmandu, Nepal complained about the chilled market conditions. Tasneem from Seiko Chemicals, Nasik, Maharashtra expressed his suffering as there is no labour, no receipts and no payments. Ajay Hirpara from Color plus Coatings, Rajkot also expressed his concern over slow demand.

Besides these many more people expressed their problems and sufferings. Some of them are Pramod Khedekar from The dR India, Ankleshwar; Swaraj Kishore from Swaraj Paints Private Limited, Haryana; Nilesh Katke from Shri Ganesh Coaters and many more took part in the survey program and shared their struggle.

On being asked about the would be steps from paint industry people to regain the previous pace and growth, all of them suggested many steps. As Mr. Kuldeep Verma from Mak Overseas, Faridabad, Haryana suggested that sale should be in cash and margin should be low. R. Selvaraj from Barzo Paints, Chennai said that the future may be smooth if payment terms are made strict. Bharat Patel from Star Speciality Chemicals Pvt. Ltd., Ankleshwar, Gujarat suggested that for making the businesses run smoothly as earlier, people need to expand their product portfolio.

Some other view points are as follows

“I think it will take time but slow and steady wins the race.”

” Income can only be generated once the industry is allowed to resume production completely. This is needed for all manufacturers in different segments/sectors, as the demand is interlinked. So just allowing any particular sector to resume will not help paint industry to grow.”

” We need to do some innovation of new type of paints where labour cost can be saved.”

“Raw material and new technology should be developed in our own country so that we have not to be dependent on others, specially for powder coating and wood finish coating.”

While some of them straight away said that inspite of all efforts and strategies, it will take at least next six to eight months to regain the previous glory of paint industry.

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