This story is from July 05, 2020
Paint firms to help community amid Covid impact
NEW DELHI:
During the ongoing pandemic, many paint companies came forward to lend a helping hand to
Most of them are daily wagers and integral to
Kansai Nerolac Paints Ltd. did an
While every sector has been impacted, automobile sector has been one of the hardest hit.
Nippon Paint India (Automotive Refinish business), which is part of Japan's NIPSEA Group, has also done its fair bit. The company, under its CSR program SAHYOG, and donated internally raised funds to over 2,000 workers and painters in the automotive refinish business.
The funds have been generated through N Square Trust that is run and funded by employees of Nippon Paint India - Automotive Refinish business for the welfare of painters and colour matchers associated with the business.
Sharad Malhotra, President, Nippon Paint India - Automotive Refinishes & Wood Coatings said: "The Covid-19 epidemic has dealt a heavy blow to many members of India's economically weaker sections of the society. It is not just our duty but a privilege to be able to help our fellow countrymen. Automotive refinish business, along with the rest of the automobile industry, is going through an unprecedented challenging time and it is our duty to look out for our community members and ensure a safe future for them."
Berger Paints is transferring money directly into the bank account of the contractors who have been associated with the company. They plan to cover over 20,000 contractors across the country.
These efforts by the companies are show of solidarity to members of the industry that continue to face hardship amid economic slowdown during the pandemic outbreak.
Covid-19
continues to wreak havoc across the board, with many parts of the country still under varying degrees of lockdown and control. Onslaught of Covid-19 pandemic and the subsequent lockdown has acutely affected labour market in India.During the ongoing pandemic, many paint companies came forward to lend a helping hand to
painters
and contractors throughfinancial assistance
. As painting activities came to a halt, livelihood of painter community was adversely affected.Most of them are daily wagers and integral to
business continuity
of the paint business.Kansai Nerolac Paints Ltd. did an
initial fund disbursement
to its painter community falling under the Nerolac Premium Painter Pragati (NPP Pragati) Programme. Over 30,000 painters benefited from Nerolac's initiative. Anuj Jain, Executive Director of the company in a statement has reiterated the support and commitment of the painter community through the years which is facing severe financial stress during Covid-19.While every sector has been impacted, automobile sector has been one of the hardest hit.
Nippon Paint India (Automotive Refinish business), which is part of Japan's NIPSEA Group, has also done its fair bit. The company, under its CSR program SAHYOG, and donated internally raised funds to over 2,000 workers and painters in the automotive refinish business.
Sharad Malhotra, President, Nippon Paint India - Automotive Refinishes & Wood Coatings said: "The Covid-19 epidemic has dealt a heavy blow to many members of India's economically weaker sections of the society. It is not just our duty but a privilege to be able to help our fellow countrymen. Automotive refinish business, along with the rest of the automobile industry, is going through an unprecedented challenging time and it is our duty to look out for our community members and ensure a safe future for them."
Berger Paints is transferring money directly into the bank account of the contractors who have been associated with the company. They plan to cover over 20,000 contractors across the country.
These efforts by the companies are show of solidarity to members of the industry that continue to face hardship amid economic slowdown during the pandemic outbreak.
Top Comment
Mithilesh Kumar
1628 days ago
Hope the move by the paint companies will help to move the Indian economy.Read allPost comment
Popular from Business
- Ex-Suzuki Motor CEO Osamu Suzuki passes away at 94
- Govt considers income tax relief for those earning up to Rs 15 lakhs: Report
- RBI policies may have contributed to economic slowdown: Finance ministry
- SC allows banks to charge 30% interest rates on credit card dues
- Ola Electric chief technology and product officer Suvonil Chatterjee resigns
end of article
Trending Stories
- Govt considers income tax relief for those earning up to Rs 15 lakhs: Report
- GST Council's popcorn taxation sparks backlash on social media
- SC allows banks to charge 30% interest rates on credit card dues
- RBI policies may have contributed to economic slowdown: Finance ministry
- High limits in unsecured lending a worry, says RBI
- Rupee falls 9 paise to hit all-time low of 85.24 against US dollar in early trade
- JSW in talks with China's Geely for electric car joint venture
Visual Stories
- 8 Memory Hacks to Help Students Memorize 2X Faster
- Top 10 Habits That Sabotage Student Success
- 9 Simple Steps to Build a Study Routine That Actually Works for Students
- 10 Timeless Quotes Every Student ShouldKnow
- How Exercise Enhances Memory and Brain Function for 24 Hours
TOP TRENDS
UP NEXT