'Lockdown will lead to shutdown'

April 08, 2020 10:25

Representational image

According to a survey conducted by the All India Manufacturers Organisation, over 71% of its member establishments are unable to pay wages owing to various reasons following the 21-day national shutdown to prevent the coronavirus outbreak. The AIMO, an apex trade body focused on the interests of the medium, small and micro enterprises (MSME) sector, surveyed 5,000 traders and MSMEs across the country over the last few days, to gauge the impact of the national lockdown.

The survey's findings showed that 63% of entrepreneurs quoted cash flow problems for their inability to pay wages at this time.

"To know the feelings of a small entrepreneur you have to be in his shoes," K E Raghunathan, past president, AIMO who conducted the survey, tells Rediff.com's Syed Firdaus Ashraf. Read the interview here.

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