“Business is back on track. In fact, I would say we are back to pre-COVID levels and month-on-month basis we should be about 85-90 percent of pre-COVID level.” Jasbir Singh, Chairman & CEO of Amber Enterprise, told CNBC-TV18 in an interview.

He said that 30 percent of air conditioners in India were imported, and that the move to ban import of AC with refrigerants would increase local manufacturing.

“This will shift complete manufacturing of all the imported goods to India and we are rightly placed company to benefit out of this,” he said.

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First Published:Oct 19, 2020 10:25 AM IST