Loan restructuring make or break factor for hospitality industry: FHRAI
Loan restructuring is a make or break factor for the hospitality sector which is looking at 25 per cent of businesses permanently shutting down before the end of this fiscal, industry body FHRAI said on Monday
"The hospitality industry anticipates poor business for at least another year and until then, to keep it afloat, it needs working capital," FHRAI Vice President Gurbaxish Singh Kohli said. Source: Reuters