Active Stocks
Fri Apr 19 2024 15:56:00
  1. Tata Steel share price
  2. 162.10 1.31%
  1. Tata Motors share price
  2. 963.20 -0.84%
  1. NTPC share price
  2. 350.90 -0.14%
  1. ITC share price
  2. 424.80 1.40%
  1. Power Grid Corporation Of India share price
  2. 281.70 0.54%
Business News/ News / India/  Restaurants welcome Mumbai's move to stay open 24X7, evaluate feasibility
BackBack

Restaurants welcome Mumbai's move to stay open 24X7, evaluate feasibility

Aaditya Thackeray announced that malls, multiplexes and restaurants located in non-residential areas could operate 24x7 starting 27 January
  • Malls in the city are still figuring out a way to see how they can keep the premises open
  • A file photo of fans at G7 Multiplex (Gaiety Galaxy), at Bandra in Mumbai. (ANI)Premium
    A file photo of fans at G7 Multiplex (Gaiety Galaxy), at Bandra in Mumbai. (ANI)

    New Delhi: As Maharashtra’s state tourism minister Aaditya Thackeray announced the move to allow Mumbai’s eateries, multiplexes, shopping centres and malls to remain open 24X7, last week, restaurant owners welcomed the move. The young minister announced that malls, multiplexes and restaurants located in non-residential areas could operate 24x7 starting 27 January. He, however, added that the rule is not mandatory and it’s left to the discretion of the businesses to remain open.

    Restaurant owners Mint spoke to said that they are currently evaluating plans to stay open all night. “Yes, we do intended to extend our operating hours wherever permissible," said Riyaaz Amlani, CEO and MD, Impresario Entertainment and Hospitality, that runs popular restaurant brands such as Smoke House Deli, Salt Water Cafe, Social, The Tasting Room, among others. The National Restaurant Association of India (NRAI) called the move “progressive".

    “It will help the businesses grow and also create more employment. Extra hours of commerce is one of the measures that can catapult us faster to the target of $5 Trillion economy," said Anurag Katriar, NRAI president and executive director and CEO, deGustibus.

    The owners and operators will figure out the operating viability in the immediate term. In the long run, this will surely benefit all, Katriar added. Katriar whose company runs restaurants in the city said he plans to keep a few restaurants such as Tote on the Turf open till late night starting with weekends. He however added that it was too early to assess the benefits for remaining open all night.

    The NRAI has been pitching for a late-night nightlife for the city of Mumbai for a few years now. Impresario’s Amlani added that while restaurants will see costs go up a little in terms of labour and electricity, rents will remain constant. “It’s not going to be an overnight revolution but slow and steady. The numbers will have the final say, but at least now the option to operate late is with the restaurant and not the government," he added.

    The government’s decision is pro consumer, said Karan Kapur, director, Charcoal Concepts, that runs restaurants such as The Bombay Brasserie, and Punkah House.

    Malls in the city are still figuring out a way to see how they can keep the premises open. This will include on-boarding tenants, including restaurants, retailers, and cinema halls. Lifestyle International’s Vasanth Kumar said that currently, for fashion, the shopping window is restricted from 10.30 am till 9.30 pm.

    “Now we will evaluate extension of shopping hours based on customer consumption preferences, led by food and entertainment in the mall," Kumar managing director, Lifestyle International, that runs apparel stores such as Max, and Lifestyle told Mint.




    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    ABOUT THE AUTHOR
    Suneera Tandon
    Suneera Tandon is a New Delhi based reporter covering consumer goods for Mint. Suneera reports on fast moving consumer goods makers, retailers as well as other consumer-facing businesses such as restaurants and malls. She is deeply interested in what consumers across urban and rural India buy, wear and eat. Suneera holds a masters degree in English Literature from the University of Delhi.
    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 20 Jan 2020, 02:07 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App