Daijiworld Media Network – Bengaluru (EP)

Bengaluru, Aug 27: Over 10,000 industries in Peenya industrial area in Bengaluru are on the verge of closure. Famed to be the biggest industrial area in Asia, closure of the industries could lead to over 15 lac people losing their jobs.

In the 80’s and 90’s, people from various parts of the country came to Bengaluru looking for jobs. Many got employed in the small, medium and large scale industries in Peenya.

However, the economic setback has affected industries in Peenya like Tsunami. More than 10,000 industries are on life support. Industrial turnover has dropped by about 70% in two months. While sales in large industries have collapsed by 60%, it is reduced by 90% in medium and small industries. Those who had a turnover of 15 lac four months ago have to be content with Rs 3 lac. Thousands of industries including garments, automobile spare parts, fabrication, packaging industries, powder coating and electroplating are incurring loss.

Employees get work for six hours instead of the earlier three shifts. Saturdays and Sundays are declared as mandatory holidays. As the production has dropped, the industries are facing threat of closure. The fact that there are four lac women among 15 lac who are likely to lose jobs, has caused anxiety. Thousands of families depend on the industries in Peenya to run their homes. They are now worried on what lies ahead, if they lose their jobs.