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'If situation doesn't improve before Diwali, 25% shops will shut'
Updated On: 14 September, 2020 06:50 AM IST | Mumbai | Prajakta Kasale
Traders body says 50,000 shops in Mumbai will be forced to down shutters permanently, thanks to a deadly cocktail of high maintenance costs, lack of trains and dipping demand

Closed shops seen at Lalbaug in June. Pic/Bipin Kokate
The city has only 70 per cent shops open so far, while 60,000 businesses, many of them being small-scale ones, are still shut. This has been attributed to the unavailability of train services as people are not able to reach their workplaces. A traders body has said that unless the situation improves before Diwali, 25 per cent of the closed businesses would have to shut down.
If the situation does not improve till Diwali, 25 per cent business will have to quit Mumbai. People have been home for six months. With no celebrations, people are only buying food items. Small businesses will face a dire situation," said Vinesh Mehta, president of the Federation of Associations of Maharashtra (FAM).
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