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Ascon Infra to start operation in phased manner following selective relaxation of lockdown

Ascon Infra to start operation in phased manner following selective relaxation of lockdown

India Blooms News Service | @indiablooms | 20 Apr 2020, 04:59 pm

Kolkata/IBNS: Ascon Infrastructure India Ltd, a leading infra company of eastern India, announced that the company shall begin operations post relaxation of lockdown from April 20, 2020.

The company, in a press release said, that it will start in a phased manner with minimum staff and workers at the site and back office with strict adherence to social distancing, sanitization and follow all guidelines adopted to face COVID 19 pandemic.

Laxman Jaiswal, Chairman & Managing Director of the company, said that the company has cleared salaries and other statutory dues to all its employees and construction site workers as well as complied with tax and duties payable to the Government as stipulated despite a complete halt in its operations. 

He said, “I foresee a minimum of 6-8 months of further slide in the market before it can regain an upward growth from December 2020 onward. Lower returns from mutual funds and stocks would get people back to investing in real estate.

He requested the Union Government to give oxygen to the industry by giving it access to cheaper funding or delay liabilities by a year, the release said.