Coronavirus fear: Markets start facing hardship as footfall drops
   Date :18-Mar-2020

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Business Bureau :
 
As the fear of coronavirus is growing every passing day, people from all walks of life are beginning to feel its impacts. City’s retail and wholesale markets have also started facing hardship as footfall has gone down significantly. National President of Confederation of All India Traders (CAIT) B C Bhartia told The Hitavada on Tuesday that the entire supply has been contracting in Nagpur too. “Retailers are not buying goods from the wholesalers as they fear that the authorities may close down local markets. On the other hand, the number of buyers in the retail markets has also dropped because of the fear of coronavirus,” he said. He further said that the sale of decorative articles, grocery, confectionery, sweets and other similar items have been severely affected in the city.
 
“Retailers from nearby places like Katol, Ramtek, Brahmapuri, Bhandara and Gondia are not arriving in city’s wholesale markets. It is only because of the uncertainty in the markets. It is widely believed that the authorities may direct all the retailers to shutdown their shops for the next few days,” he observed. It is important to note that markets at this point in time should have been buzzing as the festival of Gudhi Padwa is round the corner. Buying gold and other items on the occasion of Gudhi Padwa is considered auspicious. “Ideally there should have been excitement in all the markets before the festival. But it is completely missing right now,” Bharita said adding that most of the markets are witnessing deserted look. Apart from this, all most all the events like seminars, conferences and symposiums have been cancelled which has subsequently affected the markets.
 
In the meanwhile, Nag Vidarbha Chamber of Commerce (NVCC) on Tuesday issued a communique highlighting that it had cancelled its special general body meeting scheduled on March 18. President of the Chamber Ashwin Mehadia informed the media that the meet had been cancelled as the State Government has imposed Section 144 of the Criminal Procedure Code in Nagpur.
 
According to Mehadia, retailers are not only fearing the risk of getting infected with the coronavirus, but they are also in a state of confusion. “They want to continue their businesses but at the same time they are trying to keep themselves in isolation. Both these two things cannot happen simultaneously,” he said clarifying the confusion among the traders. However, the office-bearers of NVCC are creating awareness among the traders. On Tuesday, they distributed masks and other items among the shopkeepers in the retail markets.