India: Mumbai lockdown spells trouble for businesses
India is among the countries hardest hit by in the second year of the COVID-19 pandemic, not only in terms of human life, but also economically.
Small businesss in Mumbai are facing bankruptcy during the lockdown
Rakesh Kumar Nayal runs a grocery store in the suburbs of Mumbai, a shop the 55-year-old has been running for the last 18 years. The business is down by 25%, he said. Only those people who have our cellphone numbers place orders with us, others are using online services like Grofers and D-mart. I have five employees and four hours of operations do not justify their salary or our expenses. Sometimes the police also harasses us to shut the shop. We bring our shutters down and do our business in this congested and airless shop. It is very difficult.
Ahead of Maharashtra lockdown, CM Uddhav Thackeray spoke to Rohit Shetty and other stakeholders of cinema business; DETAILS inside : Bollywood News bollywoodhungama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bollywoodhungama.com Daily Mail and Mail on Sunday newspapers.
Cinema industry stares at major loss again with Maharashtra lockdown
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The move, experts say, will result in filmmakers postponing the release dates of their films again as Maharashtra is one of the biggest markets.
Agencies
As per trade sources, after opening of cinema halls with up to 50% capacity, most cinema theatres had clocked less than 3% occupancy till January.
The cinema exhibition sector, which had just started limping back to normalcy after remaining close for almost nine-months last year, is once again staring at major losses after the Maharashtra government on Sunday issued new guidelines, asking cinema halls and other entertainment venues to shut operations till April 30th.
Read more about We will have to co-exist with virus for now: Maha Multiplex, retail groups on Business Standard. Cinema, retail and shopping industries have just begun their recovery process
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We will have to co-exist with virus for now:Multiplex, retail associations wary of lockdown in Maharashtra
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We will have to co-exist with virus for now:Multiplex, retail associations wary of lockdown in MaharashtraPTI
Last Updated: Apr 02, 2021, 02:25 PM IST
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The Multiplex Association of India (MAI), Retail Association of India (RAI), and Shopping Centres Association of India have said they are following all the safety protocols mandated by the government and should not be the first casualty of such restrictions.
ANI
Mukesh Kumar, chairman and director on board, Shopping Centres Association of India, said the industry is already suffering because of the previous decisions such as mandatory testing for the malls and reducing the timings.