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Amid the slow down of the second Covid pandemic wave, statistics indicate that Indians are slowly becoming reluctant to use face masks and sanitizers ....
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Mask oversupply may see 50% cos shut shop Top Searches This story is from December 14, 2020 Mask oversupply may see 50% cos shut shop Rupali Mukherjee / TNN / Updated: Dec 14, 2020, 08:06 IST FacebookTwitterLinkedinEMail Representative image MUMBAI: From a panic situation of an extreme shortage in April, India now faces an oversupply of surgical and N95 masks. More than half of the manufacturers (over 100) have either downed shutters or are planning to shut shop. Most players, which entered the industry to fulfil the government’s vision of self-reliance or ‘Atmanirbhar’ after Covid, are now saddled with huge inventories, and under-utilised plant and machinery. Industry experts and multiple companies whom TOI spoke to blame red-tapism, poor domestic demand and unethical market practices, resulting in just one-third capacity utilisation. When the pandemic struck, a sudden spike in demand for protective masks had created a panic situation. Betwe ....
Representative image MUMBAI: After an extreme shortage in April, India now faces an oversupply of surgical and N95 masks. More than half of the manufacturers (over 100) have either downed shutters or are planning to shut shop. Most players, which entered the industry to fulfil the government’s vision of self-reliance or ‘Atmanirbhar’ after Covid, are now saddled with huge inventories, and under-utilised plant and machinery. Industry experts and multiple companies whom TOI spoke to blame red-tapism, poor domestic demand and unethical market practices, resulting in just one-third capacity utilisation. When the pandemic struck, a sudden spike in demand for protective masks had created a panic situation. Between April and June, new players entered and companies ramped up production pinning hopes on rising domestic and global demand. ....
India struggles with excess supply of masks, 50% of companies may shut: Report Not only inventories, but underutilised plants and machinery are also India’s concern. File image of an N95 mask India has managed to flip the supply situation on face masks, going from suffering a shortage of the product to now having surplus stock of surgical and N95 masks. The oversupply is such that at least 50 percent of companies engaged in the business will likely down shutters – some already have plans to do so, as per a Times of India report. Experts told the paper that “unethical market practices, poor domestic demand and red-tapism” has reduced capacity utilisation to just one-third. ....