Heatwaves to result in production loss in heat-intensive industries

News Snapshot:

New Delhi: The month of May is likely to see the manufacturing sector take a big hit from the ongoing heatwave in the country. Experts estimate production loss to the tune of 15% this month, primarily due to reduced workforce efficiency in heat-intensive industries such as engineering goods, steel products, and plastics. The projected loss could even affect the export of goods, with production delays and disruptions resulting in reduced inventory, the experts said. “The increase in temperatures is likely to have an impact on manufacturing sectors, especially on units that rely on heat-intensive processes like furnaces and boilers," said...