Pune: Production Level In Companies Rise To 79% – MCCIA

MCCIA Survey
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Pune, January 2, 2021: The ninth survey conducted by Mahratta Chamber of Commerce Industries and Agriculture (MCCIA) during the Covid times has found that production level has reached 79%. More than 150 organisations participated in this survey from Pune District.

Prashant Girbane, Director General, MCCIA said, “While the weighted averages show only a marginal increase in production this month, the large companies show between 85-95% recovery on an average and MSMEs are catching up especially in the last couple of months. Across the board, companies are more optimistic about full recovery in this month’s survey responses as compared to last month.”

Sudhir Mehta, President, MCCIA said, “While there is the month on month progress, we hear that MSMEs facing some acute challenges. One of the key challenges faced in recent past is that of escalating raw material prices, especially that of metals like iron, steel and aluminium and even plastic. This is making operations of many unviable. We appeal to the Government to take note of this and intervene appropriately.”

Current level of Production: On an average, the surveyed companies said that their current level of production has only marginally increased from 78% in November to 79% in December 2020.

Employees Working: On an average, the surveyed companies said that the number of employees working has stayed the same at 82%.

Future expectations: The surveyed companies were also asked about when their production levels were expected to be the same as they were in January 2020. 27% of the companies said their production was already at pre-COVID levels. 23% of the respondents now said that they expect their production levels to go back to the pre-Covid levels in less than 3 months. 31% of the respondents said they expect it to take between 3 to 6 months, 13% said it would take between 6 to 9 months, 4% said it would take beyond 9 months and 2% were uncertain.

Profile of respondents: The distribution of organisations surveyed from micro, small, medium and large scale organisations was 17%, 30%, 22% and 31% respectively.

65% of the organisations surveyed were from the manufacturing sector, 13% from the services sector and the rest were involved in both manufacturing and services.