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

Load Shedding in Industrial areas also

Four hours load shedding will be done in the Industrial areas (Udaymbag) from today. Timing would be evening 6pm to 10pm and HESCOM has asked all the industries to close all their activities during this time.

The load shedding time table is not yet put so be ware you could see power off any moment. Yesterday the whole day from 9 am to 5.30 pm the power was off due to a technical snag.

In rural areas, the load shedding is for 6 to 8 hours.

This is just October, the October heat is just getting up the mercury levels and the power shortage in the state is the just the trailer of what is in store in the months to come.

The Karnatak Govt is calling the Tatas to Karnataka for the Nano project and what will they give them a gift of Load shedding