Belgaum industries in bad shape: tough times ahead

The nightmare of global economic downturn has knocked at the doors of industries in Belgaum. Recession has taken away lively hood of many people and even a few have closed down their establishments.
Around 1500 small and large industries have shut shop and many working in there have fled Belgaum. The future looks gloomy for the industrial scenario in Belgaum.
The government must reduce the interest rates loans. And since repayment of loans has become extremely difficult, it should even waive-off the dues of the industrialists.
Mainly the machine shops in Belgaum supply to automobile industries and the auto industry is also not doing well. Even after the excise cut for automobiles only footfalls into showrooms have increased, I heard on a news channel. So until the auto industry kicks of hard Belgaum will keep facing tough times ahead.
Source: ExpressBuzz

Recession hits Udayambag

Just ten months ago, small scale industries, mostly ancillary units, in industrial estate Udayambag were busy meeting the orders from other industries. But now most of them have either stopped or working with skeletal staff, all because of global economic recession.
A large number of industries have decided to cut down the number of employees by at least 50 per cent of their staff and send some of them on long leave till the situation improved.
Units here mainly cater to orders from automobile sector from Pune, Mumbai and Bangalore. But since March 2008, there has been a steady decline in the orders and November was worst with very few orders. Only fabrication and casting works were on and that too to meet the requirements of the Belgaum City. With irregular supply of power it's impossible to even complete this small quantity.
Source: Deccan Herald

Belgaum ring road: Still a Dream

Belgaum ring road planned in two phases.
1) Hindalga-Peeranwadi-Halga
2) Hindalga-Kakti-Halga

Total ring road length 38 kms.
Ring road breadth 100 feet
285 acres of land needed
Rs.1425 lakh for land acquisition
Ring road total expenditure Rs.30 crores

10 years ago, the plan for the ring road was prepared. Imagine, since ten years nothing has happened on ground; only papers have changed places and this road, which will be a boon to traffic, will remain a dream.

A jaipur-based company was allotted the contract for the project but it was cancelled and a new process for obtaining was commenced.

The BUDA chairman has attributed the cause for this delay to the elections. A state run enterprise is likely to do the said project this time.

May it be a state run enterprise or a private company, Belgaumites need that ring road as the movement of heavy vehicles will be diverted on to the new road giving the regular traffic some more space on the roads.

This road can avoid the enormous accidents that happen on the Udyambag road. In addition, vehicles going to Goa from Kolhapur etc can directly take the new road and avoid heavy traffic in city limits. It is the case with people from Goa to Kolhapur, if they divert from Peeranwadi they will join the NH 4 at Kakti. Towards Bangalore, you can join Halga on NH 4.

Pray to Lord that, this present govt will look into this and by the time they finish the full term we would be plying on the Ring Road.