Though the Ministry of Home Affairs (MHA) has given its go-ahead to resuming cinema and theatre activities under Unlock 5.0, it has left for the states to take a final call in this regard.
Commissioned by Inox Air Products, one of the largest producers of medical and industrial gases, the newly constructed Modinagar plant can produce 150 tonnes of liquid oxygen per day.
The cinema body, which represents all the multiplex chains, including, PVR, INOX and Cinepolis, said the sector directly employs more than two lakh people and provides employment to lakhs indirectly.
This has given operators the time to review and strengthen their hygiene and safety protocols.
Theatres have been closed since mid-March when COVID-19 began to spread in India.
As the government has been announcing phased lifting of the lockdown, the management believes that normalcy could be gradually restored during the financial year ending March 31, 2021.
The scrip tumbled 7.66 per cent to Rs 261.30 on the BSE. On the NSE, it plunged 7.46 per cent to Rs 262.05.
The multiplex stressed that theatrical experience remains the best medium for audiences to enjoy movies.
In a statement released by the MAI, its President Deepak Asher said due to the shutdown, 'our Industry is going through an unprecedented crisis that threatens our very existence.'
Masculine and feminine are not about being physically male or female. Certain qualities in nature have been identified as masculine.
According to analysts, a sharp slowdown in the advertising revenue growth is likely to take a toll on broadcasters and print companies alike.