Bengaluru: Industries in Peenya on verge of closure - 15 lac people to lose jobs


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.

  

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  • Anjaneyappa, Bangalore

    Mon, Oct 07 2019

    China has manipulated their currency to sell products in very low price thereby killing the industries of India.
    China is silently destroying industries all over the world through currency manipulation alone and not through honest means.
    Govt. should immediately ban cheap imports coming from China.

    DisAgree Agree [1] Reply Report Abuse

  • Yabeen, Bangalore

    Tue, Sep 10 2019

    The conditions are going to be still worsened. All thanks to MR.ACCHE DIN AAYENGE KEHNE WALE LOG.

    DisAgree Agree Reply Report Abuse

  • K.J.Haroon Basha, Alkhobar, SAUDI ARABIA

    Mon, Sep 02 2019

    The opposition is weak and they cannot raise this important issue as they are busy in fighting cases in courts.

    DisAgree Agree [1] Reply Report Abuse

  • Sabir Ahmed, Bangalore

    Thu, Aug 29 2019

    Promised as Sabka Saath Sabka Vikaas! No vikaas Only Bakwaas

    DisAgree [6] Agree [17] Reply Report Abuse

  • Praveen, Mangalorean

    Wed, Aug 28 2019

    All who suffer in this are only middle class people ... rich will not be effected nor poor... because Govt. only think of rich who support them to loot others...

    DisAgree [5] Agree [28] Reply Report Abuse

  • Zameer H Khan, Udipi

    Wed, Aug 28 2019

    15 lack people lose job , for one minimum 4 dependent, means 60 lack peoples bread question? God save this country....

    DisAgree [6] Agree [32] Reply Report Abuse

  • Arun, Bahrain

    Wed, Aug 28 2019

    This is only in Peenya- a small area in Bengaluru, Imagine the situation in whole India.. A big big worry.. The Govt is only busy in playing blame games.

    DisAgree [6] Agree [41] Reply Report Abuse

  • SACHIN, Mangalore

    Wed, Aug 28 2019

    ACCHE DIN AYENGE

    DisAgree [8] Agree [17] Reply Report Abuse

  • Praveen, Mangalorean

    Wed, Aug 28 2019

    All this happened after 2014.....????

    DisAgree [7] Agree [38] Reply Report Abuse

  • Sunil Pinto, Dubai/ Udupi

    Wed, Aug 28 2019

    But don't worry yaar..... gaushaalas will be constructed there instead of industries...and lotus will bloom...and bhakthas will rejoice with cutting chai and pakoda...

    DisAgree [8] Agree [52] Reply Report Abuse

  • Dan M, Dubai / Mangalore

    Wed, Aug 28 2019

    Jesus on global economy savior - Part 1

    Message to Enoch – 23 July 2019


    Prepare, the Maitreya is about to announce himself

    “My children, I bring you my Peace.

    Be alert and vigilant because the Illuminati Elites ruling this world, already have everything planned to usher in the reign of my adversary. The demons you call Aliens are allied with the Elites and the rulers of the world powers. It is they, the so-called extraterrestrial aliens, the ones who guide and advise through the Elites, all the rulers of the great nations.

    They have everything already planned in order to destabilize the economy and the world peace, so that the world will be in chaos; so that in the midst of this crisis, the Antichrist may appear as peacemaker and savior of humanity. Those of you that are of my flock, will easily discern the Show of deception, when the false messiah appears but the vast majority of this ungrateful and sinful humanity, that walks far from Me, will run to welcome him, they will worship him, and will announce to the whole world, that the Messiah has returned. The Antichrist is already among you, he only needs to make his declaration to the world in order to make himself known to humanity.

    Beware, you let yourselves be deceived Flock of mine; you well know that the Son of Man will no longer set foot on this world! My Second Coming will be in Glory and Splendor; I come to reign over my people in my New and Heavenly Jerusalem. Therefore keep all this in mind, so that when the son of perdition appears, saying that he is the Cosmic Christ, the Architect of the Universe, the Maitreya, the Instructor of the World, you are already prepared and do not pay attention to the deception.

    DisAgree [7] Agree [3] Reply Report Abuse

  • Dan M, Dubai / Mangalore

    Wed, Aug 28 2019

    Jesus on global economy savior Part 2.

    Message to Enoch – 23 July 2019

    The disciples of my adversary and his forerunner travel the world, indoctrinating humanity far from Me; they are preparing and paving the way for the appearance of the false messiah. All the means, the economic ones and the media of this world, will serve my adversary. The world Elites who rule in darkness and spare no expense; through their foundations they will hand out money to the governments of the poorest countries, so that their rulers can prepare their peoples to welcome the son of perdition.

    Very soon my flock, the Show of Deception will begin; holographic images will be projected on the firmament of all nations, representing the god who predominates in each nation, according to its religion. If most of the inhabitants inside a nation are Catholic, the image they will project in the firmament will be one that represents Me, as the Good Shepherd. If the predominant religion in other nations is Buddhism, the projected image will be of Buddha; if the predominant religion is Islamism, the image projected on those nations will be of Muhammad. These images will speak, will move, and many unwary will fall into the trap; after a time of indoctrination they will all merge into one and the image of the Maitreya, as the one true god will appear. This will be the beginning of the Show of deception...

    DisAgree [7] Agree [4] Reply Report Abuse

  • Farhan Honnala, Udupi

    Wed, Aug 28 2019

    Our Govt. had promised to create 2 crore jobs a year but its vise-versa now.
    People’s are becoming jobless day by day.
    The govt is supposed to create public wealth, not suck exisiting public wealth dry!

    Rupees reaches 72.25!!
    The imports are costlier,,
    Massive rise in fuel prices,,
    Household goods and vegetables are expensive,,
    Stock market is down,,
    Unabated rise in inflation,,
    But this govt seems helpless to control anything...

    Guys keep your Political difference aside and think about this.

    DisAgree [3] Agree [33] Reply Report Abuse

  • Vasu, Mangalore

    Tue, Aug 27 2019

    15 lakh will loose job and all industries in Peenya will close.......Are u sure?

    DisAgree [2] Agree [22] Reply Report Abuse

  • AR Kunil, Mangalore

    Tue, Aug 27 2019

    This is a new trend since 2014 and not the collapse of once vibrant economy 🤔🤔

    DisAgree [1] Agree [12] Reply Report Abuse

  • netizen, Mangaluru

    Tue, Aug 27 2019

    Ruling world's largest state is not every politician's cup of tea. We are ruled by bunch of few incompetent politicians. Looking at this crucial stage India missing qualified economists like Manmohan Singh and team.

    DisAgree Agree [24] Reply Report Abuse

  • Raju, Karkala

    Tue, Aug 27 2019

    It's simple to understand. All businesses who are doing businesses without bill and cash business are going to close shortly

    DisAgree [72] Agree [22] Reply Report Abuse

  • Chandu, Karla

    Tue, Aug 27 2019

    It means 90 percent shops in Karkala are going to pull the shutters. What kind of economic theory is this Rajanna, never heard before.

    DisAgree [8] Agree [70] Reply Report Abuse

  • Derek, Balmatta

    Tue, Aug 27 2019

    Till now, it was easy life in India. Everything was in cash underhand ,and reaping profits made with no books maintained and no Income taxes paid.

    Holidays taken and money spent with no limits. Children shown driving around in “Lamborghinis’s” who were not even 10 years old, being members of clubs and partying all night. Everybody saw and thought it was great and booming.

    On the other hand, with all underhand dealings, India was losing millions in Taxes. It is now slowly being regulated and being streamlined like the rest of the world.

    With these regulations, people are now desperate as their income is now subject to tax. No more keeping it in mattresses and underhand dealings.

    India will now have vast coffers due to the regulated taxes coming into effect even on unregulated businesses. Small businesses , street vendors etc have now been streamlined to pay their fair share of taxes - WHICH NOW HAVE LESS MONEY TO SPEND AND ENJOY , after the savings component & Taxes!

    I am not a fan of the present government but it has done a GOOD precedent to get a fair share of taxes from all. There is still a lot more to be done, but a good healthy start!

    It is now PAR with the world standard and living. Life is not easy and Rosy as it seemed a few years ago. SO WORK HARD, PAY YOUR SHARE OF TAXES AND BE PROUD of INDIA !!

    DisAgree [21] Agree [12] Reply Report Abuse

  • Indian, Bangalore

    Fri, Aug 30 2019

    So according to your theory, government revenues should have increased.

    It is a fact that unthoughtful actions like demonetization has adversely affected the economy. People like us have been fooled by government in the name of patriotism and religions.

    DisAgree Agree [4] Report Abuse

  • Macrol, Mangalore

    Wed, Aug 28 2019

    Ok, i understood which political party u support. No more explanation needed!!!!!!rip logic

    DisAgree [4] Agree [14] Reply Report Abuse

  • Mohan, Kudla kori

    Wed, Aug 28 2019

    Raju. No doubt u r feconomist of feku blind follower.
    U r karkala economist.. U r great.

    DisAgree [3] Agree [18] Reply Report Abuse

  • MV, Mangalore

    Wed, Aug 28 2019

    Good answer.Will add this answer to my compilation.Going by this answer all small enterprises all over the country will have to shut down soon.

    DisAgree [2] Agree [13] Reply Report Abuse

  • NN, NN

    Tue, Aug 27 2019

    This is a new trend. Study shows that millennials are leading a simple life, shredding their false ego for designer clothes, expensive cars, luxury life etc. This trend has been affected for some businesses in western countries too. In the USA 30 years back it was mandatory to wear formal clothes like suite, tie, leather shoes, pantyhose, designer dress etc., has now changed to a simple pant and t-shirt. Millennials are eating less, take inexpensive vacations and spend more time in social networking. Now their needs are different. Teenagers say their true love must like them in their ugliest attire ! They are not going to please anyone by showing off. Once it was a pride to buy a dress from upscale store like Maci's, Nordstrom, etc., now it doesn't matter even if you buy it from Walmart. Changing trend could be one of the answers for failing businesses - No demand.

    DisAgree [4] Agree [27] Reply Report Abuse

  • shah nawaz K, Udupi. Dubai

    Tue, Aug 27 2019

    Even Lord Rama for whom.they want to build a temple will not help India
    Andh bhakths still supporting BJP blindly in the name of hindutva
    Hindutva brought downfall of our economy
    Where is gomatha now..According to Sandeep Patra cow dung is more valuable than kohinoor diamond..Now we must take the help of cow dung

    DisAgree [13] Agree [71] Reply Report Abuse

  • Jossey Saldanha, Nashville

    Tue, Aug 27 2019

    Rs. 15 Lacks was the only Solution ...

    DisAgree [7] Agree [62] Reply Report Abuse

  • I wish I was There, Bahrain

    Tue, Aug 27 2019

    Send from Nashville.

    DisAgree [7] Agree [5] Reply Report Abuse

  • Gabriel Lewis, Brahmavar

    Tue, Aug 27 2019

    Blind bhakths voted for Modi now in the verge of losing jobs. What a pity .
    You are not getting 15 lacs into your a/c but losing 15 lacs jobs in Bangalore alone.
    Think about the plight of rest of the country.

    DisAgree [5] Agree [64] Reply Report Abuse

  • Vasu, Mangalore

    Tue, Aug 27 2019

    This is the result of voting bjp. Poor people and farmers will not get any help from this govt. Roti, Kapda aur Makan should be first preference of the govt. and not anything else.

    DisAgree [4] Agree [49] Reply Report Abuse

  • CHRISTINE, MANGALORE

    Tue, Aug 27 2019

    After demonitisation and GST all will close. Business men will be in trouble.

    Only BJP Govt will remain to loot business and pluck the bud of them.

    DisAgree [7] Agree [55] Reply Report Abuse

  • nitin, kodagu

    Tue, Aug 27 2019

    all those who lost job their children must have voted bjp and they must be on facebook and wassup prasising modi and his govt while demonitisation and other policies.

    DisAgree [4] Agree [60] Reply Report Abuse

  • Gurudath, M'lore/Mumbai

    Tue, Aug 27 2019

    Peenya area will make more money in real estate ventures now rather than industries. Metro provides good connectivity to this area. It is difficult to get people to work for you in Bengaluru. Most labour is arriving from East and Northeast, Please don't worry about people losing jobs.

    And if you think you'll hit Modi with such stories, no luck. He will win in 2024 too.

    DisAgree [98] Agree [28] Reply Report Abuse

  • Jai India, Mangalore

    Tue, Aug 27 2019

    Only BJP can afford to buy that real estate from stolen reserve money from RBI.

    DisAgree [8] Agree [67] Reply Report Abuse

  • Dan M, Dubai / Mangalore.

    Tue, Aug 27 2019

    Our Lady on EVM miracle in the west.

    Message to John Leary.

    Thursday, November 10, 2016: (St. Leo the Great)

    Jesus said: “My people, just as you are seeing a change in the seasons from fall to winter, so you will be seeing a big change in your government away from the socialism of your current President. This will happen as long as the one world people do not intervene with your President-Elect’s agenda. There will be turmoil with this change, and you need to pray that there is no violence. Even still, you will continue to see an increasing persecution of Christians. In the Gospel I told you that I would be rejected when I suffered on the cross. So My people will also have to suffer the coming tribulation before you will see your reward in My Era of Peace. Be ready to endure this trial as you are protected at My refuges. You know the Antichrist will be allowed a brief reign, but trust in Me because I will bring My victory over the evil ones, when they are cast into hell.”

    Prayer Group:
    Blessed Mother said: “My dear children, I am happy for America that all of your prayers from the heart were answered by my Son. You had faith in my Son, and He performed a Divine miracle, despite the fixed voting machines. You have a pro-life President-Elect, and you need to continue your prayers of thanksgiving for this outcome. You are seeing the power of my rosary again. Thank you for displaying my picture that has my quote: ‘Just have faith in my Son, Jesus.’ This picture was a victory for Louis Saia, and your President Bush. Now, it is another victory for your President-Elect Trump.”

    DisAgree [13] Agree [15] Reply Report Abuse

  • Mohan, Kudla kori

    Wed, Aug 28 2019

    Modi will hit by s.. Es soon. No worries. He is great feconomist in history of India as pm. He is like tughalak emperor..... In history of India.
    Only bhaktas chant modis, even they dnt have anything to eat or shelter
    They vote for modi face.....

    DisAgree [4] Agree [10] Reply Report Abuse

  • Alwin, Mangalore

    Tue, Aug 27 2019

    Think about the family of job losers and misery. Don't play on their life. Rehabilitation is required

    DisAgree [7] Agree [58] Reply Report Abuse

  • Vishu, Budoli

    Tue, Aug 27 2019

    Sing the song.. Teri Meri Kahani, Ye..

    DisAgree [1] Agree [50] Reply Report Abuse

  • Khabib, Manglore

    Tue, Aug 27 2019

    Chai wala will say 15 lakh job created
    Bakt learn making chai n pakoda
    Bagwa destroyed nation

    DisAgree [10] Agree [80] Reply Report Abuse

  • JNB, Bejai,Mangalore

    Tue, Aug 27 2019

    wait for 5 years to complete
    someday acche din would come!

    DisAgree [7] Agree [50] Reply Report Abuse

  • Abdallah, Cali cut

    Tue, Aug 27 2019

    Ache din khàb me aayegi. Modi foreign me majaa le Raha . Ye iska ache din hai aur gareeb India me mar Raha . Satyanas ho Tera. Desh ki duba Diya phir bhi bhakt talwe chat raha

    DisAgree [1] Agree [10] Reply Report Abuse

  • Vijay, Uae

    Wed, Aug 28 2019

    Need microscope to see that time to see achhe din... Or may b telescope from moon.

    DisAgree [1] Agree [11] Reply Report Abuse

  • Peace Lover, Dubai

    Tue, Aug 27 2019

    Just a beginning, wait & watch!!!!

    Picture abhi bi baakie hein !!

    DisAgree [7] Agree [66] Reply Report Abuse

  • Rahul, Mangalore

    Tue, Aug 27 2019

    Thanks to Fekjujis sabh ke sath sabh ki barbadi policy.
    Jai ho fekuisam.
    jai ho blind bhakhths.

    Development only for MPs & MLAS of Brashta janatha party.
    Below is Bhakth slogan
    1 Dollar =1 Rs
    now
    1Dollar=72Rs.

    DisAgree [9] Agree [81] Reply Report Abuse

  • Ninja, Kudla

    Tue, Aug 27 2019

    Ha ha ha..five trillion economy in progress

    DisAgree [5] Agree [70] Reply Report Abuse

  • vishnu bhat, bangalore

    Tue, Aug 27 2019

    this is what you get when the BJP is voted to power. The country is run by a bunch of amateurs. It is going to get much worse before it can get better.

    DisAgree [6] Agree [60] Reply Report Abuse

  • Rakesh, Mangalore

    Tue, Aug 27 2019

    Vote for FEKU NAMO and hopeless BJP. Not only Peenya but entire India will prosperous. Blind bhakts and Careless Voters enjoy the reward for giving II term to Cow Govt

    DisAgree [7] Agree [71] Reply Report Abuse

  • Jai India, Mangalore

    Tue, Aug 27 2019

    Usually businesses go down because of liquid crunch means there is no cash money moving around. BJP has made strict digital transactions on entire payment transactions which never happens even in developed countries but only by BJP so that after its ill famed Demonetisation to siphon off all the money from opposition to render them powerless this digital transaction was introduced so that all the money in future will only go to BJP account and opposition will never get to see it. But this selfish idea has affected the business community and the country's economy more than opposition.

    DisAgree [3] Agree [66] Reply Report Abuse

  • Sainik, Mangalore

    Tue, Aug 27 2019

    Modi modi modi modi..
    Hahaa..
    Go vote again and join your useless shaakas

    DisAgree [7] Agree [86] Reply Report Abuse

  • Avinash, B C Road

    Tue, Aug 27 2019

    Acche din have arrived in style. I think the only business that is not affected by the current recession is selling tea and pakoda.

    DisAgree [3] Agree [92] Reply Report Abuse

  • PRAVEEN HEGDE, MANGALORE

    Tue, Aug 27 2019

    THIS IS A GIFT OF MODI. BJP CENTRAL GOVT DON'T KNOW WHAT IS GOING ON INTHE COUNTRY

    DisAgree [6] Agree [89] Reply Report Abuse

  • MUNNA, KSA

    Tue, Aug 27 2019

    Am working at GCC right now & i am planning to settle in india by this November, however by listening to these kind of news daily, am really worried & thinking again to continue here..

    DisAgree [3] Agree [88] Reply Report Abuse

  • JNB, Bejai,Mangalore

    Tue, Aug 27 2019

    one bird in hand is better, rather than 2 birds in nest.

    DisAgree [3] Agree [48] Reply Report Abuse

  • Anilta, Derebail mlre

    Wed, Aug 28 2019

    Mulpa gujire byra la apuji a nna middle east. Middle desert better than feku India.

    DisAgree Agree [8] Reply Report Abuse

  • Ronald D, Udupi

    Tue, Aug 27 2019

    What is the reason?? GST?? Politicians are busy behind ministerial birth!

    DisAgree [4] Agree [73] Reply Report Abuse

  • Mohammed, Mangaluru

    Tue, Aug 27 2019

    Any say Mr.modi and shah
    Sorry they are busy in foreign trip

    DisAgree [7] Agree [91] Reply Report Abuse


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Title: Bengaluru: Industries in Peenya on verge of closure - 15 lac people to lose jobs



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