"We have lost nearly Rs 1 billion worth of business in the past two days in Mumbai. There have been cancellations and the business cycle has got disrupted," said Dilip Datwani, vice-president of Federation of Hotels and Restaurant Associations of India. The city has over 7,000 hotels and restaurants.
"Around 85 per cent of the costs for retailers are fixed in nature and a single-day business loss can wipe off 1.5 per cent of annual profit. Such bandhs do not help anyone," said Kumar Rajagopalan, CEO of Retailers Association of India.
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