Tag: Peenya Industrial Area

MSMEs closing down a warning sign to the government

MSMEs closing down a warning sign to the government

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The industry fraternity has always had concerns that remain unaddressed, but the present situation, as far as micro and small-scale industries (MSEs) are concerned, is such that one wonders if this general trend has hit a critical mass. In Peenya Industrial Area, nearly 15-20% of over 16,000 MSEs have shut, according to a rough estimate. […]

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Small and medium-scale industries face big problems

Small and medium-scale industries face big problems

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Rajesh Kumar, a 55-year-old entrepreneur, who had set up an auto component manufacturing unit in Peenya Industrial Area (PIA) in North Bengaluru, had to shut it down in August 2022 following severe loss in business, especially after COVID-19 pandemic. Mr. Kumar, who had set up his company a decade ago, was successful in running the […]

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