BENGALURU, Aug. 11 -- The COVID-19 has effected the business sectors globally. 50,000 shops in Bengaluru have closed permanently while others are on the verge of closure if sales don't pick up in the upcoming festive season.

Footwear, ready made garments, mobile accessories, stationery are among the several sectors that got effected due to pandemic.

K Janardhan, President of The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) said to TOI: There are around 4 Lakh shops in Bruhat Bengaluru Mahanagara Palike (BBMP) limits of which 12% - 15% have closed while 8% - 10 % are on verge of closure. To-Let Boards are seen hanging outside shops. Mounting rental dues are the reasons of closure in many cases.

A majority of the sho...