The country is currently witnessing 21-day lockdown to curb the spread of the coronavirus which has infected several people and claimed 56 lives so far.
According to a media report, some big names like McDonald’s, Jubilant FoodWorks-operated Domino’s Pizza, Speciality Restaurants, Reliance Retail, Future Group, and PVR have written individually to mall owners seeking a waiver of rentals till May. Due to the lockdown, restaurants, gyms, retailers, multiplexes and malls have been closed.
All of them have cited that there has been zero revenue in the immediate term due to the nationwide lockdown and a drop of almost 50 per cent in revenues for the next few months, as India struggles to fight the coronavirus pandemic.
The fitness industry has started a petition on Change.org seeking help from people to help them overcome the crisis. It mentions that with the outbreak of COVID-19 and the lockdown, it has led to financial losses to gym owners, fitness studious and it has become impossible to for the business owners to survive under this debt. The petition further mentions that 25-30 per cent of people are at risk of losing jobs due to this pandemic.
The scenario is similar for the restaurant industry as well, as the Rs 4.2 lakh crore restaurant industry, which employs over seven million people, is staring at store closures, job cuts and huge slash in the revenue.
For the uninitiated, in India, the number of cases climbed to 2,069 and the death toll to 56.
Coronavirus Lockdown: India’s shutdown due to Covid-19 may not end on April 14
