Ardent Group
Our rental and manufacturing divisions have been playing a vital role of being the link between the contractors, financers, and institutions for the revival of our projects. Our supply chain is intact and we are producing in our factory at 60 to 70% capacity; this was possible due to the processes we follow for manufacturing.
Liquidity is the biggest crisis we face today, and it will continue to be there post lockdown.
A big hole in the economy has been created due to the Covid-19 situation, which will take a long time to fill. We see growth in the industry, but it will not be soon, and nobody knows for how long it will go on. May be a couple of month later when things become normal and up and running, we will know. Time alone will tell whether the relief packages of the government will serve the purpose or not. We should wait for things to improve and in the meantime, we should work towards creating a better future, rather than blaming the present or past.
Our supply chain is still intact, and we are producing in our factory at 60 to 70% capacity; this was possible only due to the processes we follow for manufacturing. We plan to improve further post lockdown to go to Lean and 6-Sigma manufacturing processes. Labour is a shortage due to which we are unable to produce at 100% capacity; we are running short by 30 to 40%.
The government will need to take a faster and more advanced approach to make up for the time lost
We have always supported the authorities and institutions with our expertise, and we will keep doing the same. We will always be available for the Government with our suggestions and solutions.
Today, survival is of the utmost importance for which we are taking all the required steps. Our rental and manufacturing divisions have been playing a vital role of being the link between the contractors, financers, and institutions for the revival of our projects. There has been a disruption in the currently used technologies which need to be replaced with highly advanced and new technologies.
NBM&CW July 2020
