Webinar on Definition of Affordability after COVID-19
June 15, 2020
Resurgent India Knowledge Series Presents
‘‘Webinar on Definition of Affordability after COVID-19’’
Moderated by- Ms. Sonal Mehta, VP- Resurgent India Limited
Speaker- Mr. Abhijeet Sinha, Project Director for National Highway for Electric Vehicles-ASSAR
- Affordability of environment or friendly products
- Impact of sustainable development
- Impact of security screening.
- Influence of Globalisation and interdependence of economies
- New Visa Regulations
- Reverse Migration of labor.
- Future of e-mobility & focus to shift production from China
- The only two ways we can combat this pandemic is if we adopt advanced technology and fight it fearlessly; or if we switch to an organic and sustainable lifestyle. The world is now collectively looking for a solution and they are going to seek it from countries like India, because of our deep-rooted philosophy in natural solutions.
- We have been giving a lot of importance to a lot of unnecessary stuff which led to misplacement of the environment, which is now inefficient to save lives.
- India will have to brand and rebrand to be an expert when world economies are ready to change their framework and policies and are looking for one. India has been a favorite destination for spiritual wellness and Ayurveda tourism.
- The definition of affordability is largely misunderstood. Affordability is anything that will boost the sustainability of technology and help save the environment. It does not mean a cheap alternative. Because it's cheap and does nothing to prosper the environment, then it may create similar situations in the future.
- E-mobility is an example of affordability. It’s not a cheap alternative to our current option of engines. It will become cheap once every one, from authorities to users, understands that it’s needed for an hour and not a luxury.
Standardization of environmental policies
- This pandemic is like a war-like situation that will not end unless there is standardization in policies related to climate, environment, use of natural resources with consensus.
- The reluctance of China and North Korea to be more transparent with their activities may lead other nations of the world to close their ports.
- Transparency in policies governing the environment is demand.
Regulations by the authorities/ Certification agencies.
- As the product life cycle is reducing, Governing authorities play an important role in balancing the introduction of new technology via new products & old technology.
- They have to step in and inform the corporates if they are introducing a technology/marketing product that may in the long run do more harm than good.
India healthcare system.
- India has a very weak primary and critical health care system. It can be improved via concentrated efforts in the direction of accessibility and education/awareness
- Huge reforms might be around the corner in visa regulations and immigration policies around the world because of the loopholes in the existing.
- Reverse migration is going to impact the manufacturing sector and man-driven sector a lot because laborers will be afraid of the idea of coming back to metro cities. The government may also discourage them from coming back because now they have the responsibility/ opportunity of developing rural areas and promoting local activities to earn a living. Real estate and Infra may take big hits if this takes place.
- There will be sectors that may not be able to outlive this situation which will give rise to complexities in terms of tax structure, allocation of funds in different sectors by GoI, legal enforceability of contracts.
- Comprehending the sector/people hit most with this crisis, rolling out numbers and offering relief, at the moment, is difficult for the government. But they can work on the policy that gives transparency on identifying those sectors and forming eligibility criteria.
Future campaigns like Swach Bharat Abhiyan
- There should be an increase in the set up of critical health care units in the rural areas so that early detection of any disease is possible and it doesn’t take 10 years like polio to fully eradicate from the country. There should be an increase in awareness programs.
- Quality is compromised if there is a policy of a free open market and ‘jugaad’ mentality is on the rise, but there is an outcry of ‘over-regulation’ when they are regulated. Governments have to find a balance between these two scenarios.
- Sectors like electric mobility, renewable sources, and alternative solutions for a sustainable environment may really take off from this health crisis. It’s our job to identify those sources and pace them forward.
- The commonality of the education system restricts the students/kids to process the information and limits their learning. If they are studying a certain subject, they need time to digest and wrap their head around it and form the questions in their mind to absorb the information fully.
- If the government doesn’t understand the beauty, the threat & the prospect of the future at this stage, then it may never understand. If the government and large corporates believe that sustainability and electronic mobility are the future then this is the right time to step in that direction of making it mainstream. It should bring about regulations for the emissions, sanction fines, and schedule time for those vehicles and discourage them. Not now then never!
- Some sectors may not even need three months' time to revive back, it may happen faster (restaurants, cafes). And for some even the 12 months period will be short. There are services like consultancy, chartered accountancy, etc which do have a direct impact but have due to the impact it has created for the industries they work for.
►Watch the webinar here: https://www.youtube.com/watch?v=Tfd2ZB5dIUU