Is it necessary to close the workshop on labor day, that is 1st of May every year?
From India, New Delhi
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if you have declared May 1 as holiday in Declaration of National & Festival Holidays, you should announce leave.
From India, Madras
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In some states, May 1st or May Day/International Labour Day is declared as a holiday among National Holidays under the Industrial Establishments (National and Festival Holidays) Act. The said Act, being a state Act, may differ from state to state. In Kerala, for example, May Day is a paid holiday for employees.

Regards,
Madhu.T.K

From India, Kannur
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If you have declared Labour Day as a holiday in the national holidays list, you should declare it a holiday. This is not mandatory but may vary from state to state.

Even if you have declared it a holiday in the list of national holidays, you can run your activities after taking necessary permissions from government bodies. Compensation (double payment for overtime) needs to be given to employees working on that day.

Regards,
Daleep Sharma

From India, Mumbai
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