Tribune News Service
Ludhiana, October 4
Gurmeet Singh Kular and Manjinder Singh Sachdeva, president and senior vice-president of the Federation of Industrial and Commercial Organisation (FICO), have demanded extension of date for submission of business plan, construction and commencement of business from Punjab Chief Minister Capt Amarinder Singh.
FICO office-bearers said the Covid-19 crisis and the subsequent lockdowns had made it difficult for all their units to keep sustainable and most of the production was hit during these months.
They said, “The industry is not in a position to do any construction or expansion because businesses are badly hit. Also, the industry will need time to get back to normal and reassess the business strategy. The industry has been struggling for the past couple of years due to slump in the market and economic recession. Even factory owners are infected with Covid-19, they are not going to factories and many