Chandni Chowk market will remain closed on Tuesday.
Chandni Chowk market will remain closed on Tuesday after the powerful explosion near the Red Fort. At least eight people died and 24 others were injured in this blast. Chandni Chowk Traders Association President Sanjay Bhargava said that shops in Chandni Chowk will remain closed on Tuesday because there is fear among the traders after the blast. Bhargava’s shop is a few hundred meters away from the blast site. He told that the explosion was so powerful that his entire building shook.
He said that there was chaos in the market and people started running. After the incident, many business associations have demanded increased security arrangements in crowded commercial areas. High alert has been issued in the national capital. Ten fire tenders were sent to the spot and police have cordoned off the area.
Asia’s largest market
Chandni Chowk is also called the largest market of Asia. 4 to 6 lakh people visit here every day. This is the reason why Chandi Chowk is also one of the most crowded areas in the country. Chandi Chowk is one of the biggest wholesale markets of the country. Where many types of products are traded including wedding dresses, clothes, jewellery, electronics and spices.
how much is the business
According to a real estate report of Omaxe, Chandni’s annual business is more than Rs 50 lakh crore. This means that if the market is closed even for a day, there is a potential loss of about Rs 14 thousand crores. However, this figure in the report is based on estimates. Sadar Bazaar, another major market of Delhi, has an estimated daily transaction of Rs 300 crore. Chandni Chowk’s turnover, given its size and number of customers, is likely to be equal to or more than this during the peak season.