COVID-19 pushes amusement parks to the brink
The Hindu
They are running out of working capital and finding it difficult to meet financial obligations such as staff salaries, taxes
The amusement and theme parks, which play a significant role in the promotion of the country’s tourism and leisure industry, appear to be staring at a bleak future with complaints of financial distress and bankruptcy due to months of closure in the wake of the COVID-19 pandemic. “The pandemic has forced many attractions to shut shop and many more are on the brink of closure. Amusement parks and attractions are set up with huge capital costs and employ a very large number of local people”, said Ashwin Dange, Chairman of Indian Association of Amusement Parks and Industries (IAAPI), Southern Region, in a statement here.
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