To Prevent Spread of Coronavirus,NRAI Advises Its Members To Shut Operations!
In view of the serious health risk to lakhs of employees and millions of patrons in the Food Service Sector amidst ever-worsening situation around COVID-19 in India, NRAI, as a responsible industry body, has sent out an advisory to all its Members to shut down their Restaurant’s operations from March 18 till 31st March 2020 or till such time when there are no new cases reported for a few days.
We at NRAI have been closely following what has been happening with the Coronavirus outbreak. We find ourselves today in an unprecedented situation where we are compelled to make some difficult decisions that have massive financial implications on our businesses but we are doing this in the larger benefit for our teams, our guests and our communities.
We can’t forget that most of our employees use public transport to commute and they run a huge risk of getting infected and further becoming carriers of the deadly Virus. Hence, in order to avoid any such risk; we advise all our members to shut down their operations and help curtail the spread of the deadly virus. We are also trying our best to ensure the well-being of our employees while they remain confined to their homes.
It is well known that the Food Service Industry works on a fairly high proportion of fixed operating costs and therefore, this decision to shut down is extremely hard on us. We intend to work with all stakeholders in the ecosystem; from landlords to various departments of the Government, banks and financial institutions and seek their support in mitigating our losses as far as possible. This is an extraordinary situation and beyond our control and we expect to support such as converting fixed rentals to variable revenue share, allowing input tax credit on GST, the moratorium on loan repayment, waiver of interest, reduction on energy costs, deferred payment of license fee and taxes will go a long way in curtailing our astronomical losses.
It’s almost like a case of a National Emergency and we are proud that our members have joined ranks with each other and resolved to make a contribution during such trying times.
About National Restaurant Association of India (NRAI)
National Restaurant Association of India is the voice of the Indian Restaurant Industry. Founded in 1982, it represents the interests of 500000+ restaurants, an industry valued INR 4,23,865 crores.
Being the leading association of the Indian restaurant industry, NRAI aspires to promote and strengthen the Indian Food Service Sector. The association in its 37th year has a pan India presence with members comprising of restaurants and suppliers.
NRAI is governed by a committee of members and led by a President and Office Bearers. The committee consists of over 35 Restaurant CEOs / Owners representing various national and international brands from the F &B sector. The association works closely with a network of State and City chapter partners in Mumbai, Gurugram, Bengaluru, Kolkata, Delhi and Noida and will open new chapters in others cities soon. The Chapter activities include:
· Ground work and action pertaining to government issues and representations
· Facilitate the exchange of knowledge & experience
· Provide support in the overall development of the association
NRAI aspires to lead the Indian Restaurant Industry to greater profitable growth. It represents the interests of members through advocacy, training, research and industry events.
NRAI aims to
· Advocate changes in the laws governing the Indian Restaurant Industry at local, state and centre levels,
· Provide opportunities to educate members
· Play a key role in promoting skilling and career opportunities for industry professionals through the Hospitality Sector Skill Council.