Food

Liquor ban impact: Rs 2,00,000 crore loss, 1 lakh establishments closed

DELHI: The Federation of Hotel & Restaurant Associations of India (FHRAI) is exploring legal remedies with regards to the recent Supreme Court Order, shutting down from 1st April 2017, the sale of liquor at establishments which fall within 500 metres range of State and National Highways.

Dilip C Datwani, FHRAI said: “Rs 2,00,000 crore loss to the exchequer and closure of more than 1 lakh establishments is not a small thing. We would not have minded being sacrificed if the ban were to yield results. But reality is that all the job losses and other damages would be wasted. The object sought would not be achieved,” reports The Economic Times.

“Total consolidated loss to both States and to the industry will be around 2 lakh 20,000 crores. The entire MICE industry including weddings, corporate events will be negatively affected” said Garish Oberoi a member of FHRAI.

RELATED NEWS
FHRAI considers new petition against liquor ban Read more
Goa govt considers approaching SC over liquor ban Read more
SC’s liquor ban will cause job losses, hit tourism: FAITH Read more

“There has been an unprecedented blanket ban on all national highways across the country without seeing the practical aspect of the topography and terrain of the cities, in the process having affected hotels and restaurants, who have invested crores of rupees towards the development of the tourism industry in the country. For example, Darjeeling, which falls on NH 55, has hotels stretched over 77 kms from the very base of the town of Siliguri that are directly affected” added TS Walia from FHRAI.

‘The judgement has effected those establishments that operated legally and we are not takeaways and serve for consumption in premises only. Many entrepreneurs who have taken loans will be placed at a disadvantage. It will make their properties non preforming further ‘continued S M Shervani, FHRAI.

LEAVE A REPLY

Please enter your comment!
Please enter your name here