e-Trio Founder Sathya Yalamanchili Says - Its Time To Rebuild Economy

 

Sathya Yalamanchili Founder of e-Trio Automobiles shares his views on how to control death rate, work towards economic growth and maintain sanity amidst pandemic. At a time where Coronavirus, popularly known as COVID-19 has put millions of lives in danger, the lockdown to flatten the curve has led to great economic losses in almost all sectors of the country.

Sathya Yalamanchili - Founder and Investor of e-Trio Automobiles

Sharing his views on effective measures that can be help of in the economic growth, Founder of e-Trio Automobiles, Sathya Yalamanchili whose company has also been part of the hit by the pandemic, said, “We should have worked on demarcating more isolation centres/areas across the country while allowing healthy individuals between the age 20 and 50 years old, to work on supporting the economy with proper precautions.”

India is also one of the largest labour dependent countries, and salaries have been affected during this crisis. The social imbalance is the highest among this category of employees, which also lead to migrants moving from their work towns back to home towns.

As per the package is concerned from a manufacturer’s perspective, “It could have been a specific, simplified package with direct support from the government keeping the current crisis in mind. Ideas include assistance in salaries for the last leg of employees, reduction in GST, and incentives for local manufacturing of products, which previously used to be highly imported.”

Though we lack behind in some sections, the Telangana government has done a great job in terms of providing special assistance to containment zones as well as high-quality care at isolation centres in Hyderabad.

 

Hyderabad, Telangana, India