Bengaluru, March 5: Providing infrastructure boost to Peenya Industries Association (PIA), in the recently presented budget, by the Chief Minister Basavaraj Bommai’s is a welcome move, lauded members of Peenya Indusgrial Area (PIA). The members sought breather like financial assistance and other supplementary support from the government for small industries.
The state government has addressed some of the demands of the small industries but relief to some of the bigger demands are still pending. Solutions to such demands need to be provided during the discussion of budget session, the association sought.
The future of small industries is in a suffocating mode due to the recent Covid situation. Apart from providing tax rebate to the industry financial assistance must be extended from the banks and financial institutions. The interest subvention scheme for small and medium industries aimed at providing short term credit at subsidised interest rate through the Small Industries Development Bank of India (SIDBI) should be implemented.
The increase in price of raw materials is disastrous to the small industries. The prices are being hiked without any logic. The increase in the prices should be periodical and there is a need to curb on Increase of prices at their whims and fancies, said PIA president B. Murali Krishna and Honourable secretary R. Shivakumar through a press communiqué.
Apart from waiving off meaningless increase in electricity tariff the government must ensure that the tariff does not increase in the immediate future.
The members made a representation for providing metro connectivity between Peenya-Jalahalli Circle and Kengeri via Peenya. This will benefit at least one million workforce. Already, metro network is available near Peenya area and it needs to be extended, they said.
Organising Invest Karnataka – Global Investors Meet (GIM) is commendable but the Peenya Industries area which is no different from slum like area must be overhauled. Once the ambience of the Peenya industries area is enhanced the investments will flow automatically, the association felt. Further, of the four super specialty hospitals planned across the city, one should be established in the close vicinity of Peenya industries area, the members demanded.
To strengthen entrepreneurship among the financial weaker section, the government has decided to allot small plots at the industrial areas developed by KIADB and KSSIDC.
Already, the capacity of the PIA has been optimally utilised. A supplementary small or micro industries park must be set up to enhance it further.
To provide seamless connectivity of the area, the Goraguntepalya junction which is notorious for traffic snarls must be improved through a flyover or an underpass. The project must be jointly taken up by the BBMP, BDA and National Highway Authority, said Mr. Murali Krishna.