A second wave of the pandemic has caught the government napping and toppled an already-weak healthcare infrastructure in the country. What will be the l.
Industrialised states like Maharashtra, Gujarat and Delhi have been the most affected in the second Covid wave, resulting in large-scale migration of labour and posing a bumpy road ahead for businesses
Modern retail severely dented due to 2nd wave of Covid: SCAI
By IANS |
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New Delhi, April 18 : The second wave has severely impacted the modern retail industry, said a statement by the Shopping Centres Association of India (SCAI).
In a statement, the industry body noted that it has been urging the government to support the industry with financial waivers and allow shopping malls to operate once they reopen the other markets.
In order to supplement the government s effort in carrying out an extensive vaccination drive, SCAI has also approached the state governments to conduct the vaccination camps at malls.
Covid19 second wave-led local restrictions, curfews halve malls, shopping centres’ revenue
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In a statement, the industry body noted that it has been urging the government to support the industry with financial waivers and allow shopping malls to operate once they reopen the other markets.
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Malls across India had recovered close to 90 per cent of their business and 75 per cent of their footfalls which drop drastically due to the local restrictions.
With weekend curfews and local restrictions across key states of India mall developers and shopping centers have started registering over 50% loss in their revenues owing to massive decline in footfalls.