Government on Wednesday said Cinemas, bars, entertainment parks will continue to remain shut. Movie business has already suffered around Rs1,000 crore in the first 6 months of 2020
The govt notification spelling out areas of continuing restriction came as a blow to many industries which are already struggling after 4 months of lockdown.
Re-opening dates are going to be decided separately, supported the assessment of things , the house ministry said because it unveiled an inventory of curtailments that include all “social, political, sports, entertainment, academic, cultural, religious functions and other large congregations”. Metro rail, too, was kept shut.
The news came as an extra blow to the movie business that has already suffered an estimated loss of around ₹1,000 crore within the half of 2020, compounded by zero revenue for the primary time in its history. an outsized number of single screens and independent properties have shut shop, while the temporary closure of multiplexes has deprived shopping malls of nearly 30-40% footfalls.
India’s screen count of around 6,327 single screens and three ,200 multiplexes in 2019 is projected to return down drastically thanks to the crisis. “The film sector has been badly hit over the past four-and-a-half months, as long as it had been one among the primary to pack up and evidently (will be) the last to reopen,” Kamal Gianchandani, director at the Multiplex Association of India, said. Theatre owners, hopeful of being allowed to reopen this point , had prepped cinemas with safety and hygiene measures.
The guidelines also continued to impose restrictions on opening from bars, placing further challenges on the food services sector that’s already reeling under the impact of the sooner lockdown, restricted timings and consumer fears over visiting crowded spaces.
India’s restaurant industry employs 7.3 million people. The National Restaurant Association of India (NRAI) estimates that almost 40% of them are impacted by lockdowns and business closures thanks to covid.
“In these guidelines, the one positive is that the night curfew being lifted, but we are very surprised that they haven’t opened bars and allowed service of liquor,” said Anurag Katriar, NRAI president, and executive and CEO of deGustibus Hospitality.
“Job losses have only intensified within the last month-and-a -half and our ability to continue people on the payrolls is diminishing. Earlier, smaller companies were struggling, but now even the larger ones are finding it hard.”
There was excellent news for gyms and yoga centres though. Almost four months of suspended operations have created a dent within the fragmented fitness market where a majority of gyms, fitness centres and yoga studios are standalone companies that are largely hooked in to running capital . Strict lockdowns have impacted revenues resulting in job losses. consistent with industry estimates, there are around 90,000 gyms and yoga studios within the country, employing over 1,000,000 people.
Schools, colleges and training institutions will still remain closed till 31 August