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With India reporting about 300,000 cases daily for many consecutive days, analysts have revised down consumption numbers of some commodities.
S&P Global Platts Analytics has said India would witness a year-on-year oil demand growth of 400,000 b/d in 2021, lower than an earlier estimate of 440,000 b/d.
Analysts fear India s city gas demand could drop by 25%-30% in the coming months.
While steel production has not been affected, localized lockdowns have stagnated market demand for agricultural commodities in some pockets. Although agriculture and allied activities have been exempted from government restrictions so far, several markets remain closed.
Google, Amazon, Blackstone Join Global Race To Fight India Covid Crisis Google, Amazon, Blackstone Join Global Race To Fight India Covid Crisis Ambani s Reliance, Tata Steel Ltd., ArcelorMittal Nippon Steel India and JSW Steel Ltd. are among manufacturers that have diverted thousands of metric tons of liquid medical oxygen from their plants.
Health workers assist patients outside a quarantine center in Mumbai, on April 27.
As Indian authorities and hospitals struggle to cope with record Covid-19 infections and deaths, companies ranging from the nation s biggest conglomerate to global giants like Amazon.com Inc. are stepping in to help ease the crisis.
Corporate giants join the global race to fight India Covid crisis
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Last Updated: Apr 29, 2021, 11:16 AM IST
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Synopsis
With haunting visuals of mass funeral pyres, long lines of ambulances outside overcrowded hospitals, and desperate pleas on social media for oxygen canisters, the unfolding tragedy is prompting some of the biggest corporations to organize aid for a country they view as a crucial market with 1.3 billion consumers.
AP
Oxygen cylinders being loaded at a charging station in Prayagraj. Most critical has been the unavailability of medical oxygen.
As Indian authorities and hospitals struggle to cope with record Covid-19 infections and deaths, companies ranging from the nation’s biggest conglomerate to global giants like Amazon.com Inc. are stepping in to help ease the crisis.
The temporary hospital was virtually inaugurated by chief minister Vijay Rupani on Tuesday.
The Covid care hospital near the AM/NS India Hazira manufacturing plant will admit only patients who need oxygen.
This facility will be scaled up to a 1,000-bed centre in the near future.
“AM/NS India will ensure speedy transfer of patients via ambulances to nearby hospitals in case they require more intensive medical intervention. Keeping in mind the logistics challenges and technical limitations involved in transporting oxygen to the hospitals, the decision was taken to set up this facility, thus ensuring continuous oxygen supply in addition to saving time,” an statement issued by the company read.
Updated:
April 27, 2021 13:50 IST
It will work with the Central and State governments to augment supply amid severe shortage of medical oxygen as the number of COVID-19 cases continue to rise.
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Oxygen tankers being escorted by Delhi Police as they move towards the hospitals from Delhi Cantt Railway Station amidst the oxygen crisis, in New Delhi, Tuesday, April 27, 2021. | Photo Credit:
PTI
It will work with the Central and State governments to augment supply amid severe shortage of medical oxygen as the number of COVID-19 cases continue to rise. The Confederation of Indian Industry (CII) on Tuesday said it had formed a task force on ‘oxygen supply chain’ to work with the Central and State governments to augment supply amid severe shortage of medical oxygen as the number of COVID-19 cases continue to rise.