Secunderabad: While the Commercial Area Secunderabad Cantonment Board (SCB) has grown on the same lines as The Greater Hyderabad Municipal Corporation (GHMC), both neighbors are miles and miles away as far as business and income concerns.
According to SCB Health & Sanitary Records Wing, there are around 2,000 commercial units, but those who are illegal many times.
Rough estimates put the business turnover at Rs 250 Crore per year.
The inability to utilize this has seized the important income council that starving funds to improve the infrastructure misery at least in size.
“If every trader gets a trade license, we will get Rs 5-7 Crore,” SCB’s senior supervisor to Devender to Ti.
While previously the waiting period for the trade license at SCB ran into several months, only now that the new e-Chhawani portal has drastically cut it.
Tii traders speak by saying that merges can help resolve their business misery.
“We gave their sanctions within a week if traders upload all documents.
Of the 1,200 registered, we have provided sanctions on 460 trade licenses through e-chhawani,” said SCB official said SCB fees and renewal fees starting from Rs 100 to as high as Rs 2 lakh per year based on trade, structure and area.
Officials said that they got around Rs 1.5 Crore in a trade license.
Although everything returned to normal after more than one year the closing of a pandemic induced by a pandemic, the merchant at SCB still found it difficult to get back up.
Many left the place because of the high rent to run their trade from the path, while others have seen their profits reduced by increasing material costs.
More than 40% of empty buildings in the Vikrampuri colony (Karkhana), Trimulithry, Lal Bazar, Bowenpally and Bolarum.
This is directly about SCB income through trade licenses.
“The business is really boring.
Before the pandemic, I got Rs 10-15 lakh per month.
It goes down to Rs 2-5 Lakh,” said Gyamal Reddy, a hardware trader in Bowenpally.
While books and vendors stationery K Raghupati said, “My business was devastated because the educational institution was closed due to a pandemic.
It recovers, but slowly.”