Finance Minister Nirmala Sitharaman today held a meeting with Industry and other bodies to assess the impact of novel coronavirus outbreak and any disruptions posed by it to India’s trade. Talking to reporters after the meeting in New Delhi, the Minister said representatives from pharma, textiles, chemicals, auto, paints and telecom sectors shared their views with regard to the impact of coronavirus. She said during the meeting, chemicals, pharma and solar equipment makers were very vocal about disruption in the supply of raw materials from China.

Mrs Sitharaman said she will hold a meeting with the secretaries of concerned ministries tomorrow and based on comprehensive consultation, some measures will be announced soon. The Finance Minister also said that there is no concern about price rise so far following the outbreak of coronavirus. She added that it is too early to talk about the impact of the Coronavirus outbreak on the Make in India initiative.

The meeting was attended by senior officials from Central government Ministries and Departments including Customs and representatives from various sectors. Leaders from FICCI, CII, ASSOCHAM also attended it.