City
Epaper

COVID-19 impact: As firecracker sales nosedive, wholesalers suffer in Gujarat

By ANI | Updated: November 3, 2020 06:00 IST

Wholesalers and vendors of firecrackers in Surat assert that there is a negligible sale this festive season, in the wake of the COVID-19 pandemic.

Open in App

Wholesalers and vendors of firecrackers in Surat assert that there is a negligible sale this festive season, in the wake of the COVID-19 pandemic.

Speaking to , a vendor, Sikandar said "I used to be in the catering business. Now I sell this. I can barely afford food, there is almost no business."

Another firecracker wholesaler, Kanhaiya Lal Supariwala said that his business is not even 25 per cent of what it used to be earlier.

"I supply goods all over India. Business is not even 25 per cent of what it used to be. It is only 12 days to Diwali but we are sitting idly. We used to have a business of Rs 30-40 crores in a year but it is not even Rs 10 crores this year," said Supariwala.

The people across the country are facing difficulties in running their houses and now Diwali being around the corner, people are avoiding to buy crackers due to the shortage of money.

The wholesalers here claimed that they have witnessed such a financial crisis for the first time in 40 to 50 years.

The major manufacturers of firecrackers are now requesting the wholesalers to buy firecrackers from them and pay for the same after Diwali gets over but still, the wholesalers are not ready to buy firecrackers in bulk due to the fear of not selling the same. If the stock is not sold during this year the wholesalers will have to take a risk stock the firecrackers.

The retailers on the other side who used to buy firecrackers worth Rs 50,000 to 60,000 every season are now only purchasing the firecrackers worth Rs 25,000 to 30,000 to sell in the market. They are not even sure if they would be able to sell the stock but to run their households have to do something or the other.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalPhilippines Prez accorded ceremonial welcome, calls India visit reaffirmation of strengthening ties

BusinessConsumer prices rise 2.1 pc in July in South Korea

NationalRam Rahim comes out of Haryana jail on 40-day parole; third this year

International"Men do not belong in women's sports": US Immigration Services restricts sports visas for transgender women

NationalPhilippines Prez accorded ceremonial welcome, calls India visit reaffirmation of strengthening ties

National Realted Stories

NationalTN's Madurai corporation steps up target for daily processing of wet waste

NationalWe have proof, will present in court: Tejashwi Yadav on EC 'irregularities' in Bihar voter rolls

NationalTN forest dept steps up leopard monitoring after cow killed near Coimbatore

NationalVCK to hold statewide protests in TN on August 9

NationalDespite rumours and wild speculations, Kashmir is normal on 6th anniversary of 370 abrogation