The Open Press - Press Release News Wire
  Sunday, December 15th 2019 - 7:22pm EST
  
PRESS RELEASE NEWS WIRE         
     FRONT PAGE     |     ARCHIVES     |     ABOUT US     |     FAQS      
Welcome Guest User  ( LOG IN )     SUBMIT A RELEASE   ADD A FIRM   
Sorting Options

By Country

By Metro Area

By Industry

Member Options


Register

Login

Recover Password

Email Alert
Site Navigation

Home

Services & Fees

Press Release Guidelines

Submit a Press Release

Company Directory

Contact Us

RSS Feeds

Help

|Press Releases|Pro PRs|Book Reviews|Articles (OP-ED)|News|Exposé|PR Firms|


Mohali Industrial Units Need Urgent Relief

Submitted by: bizxchange

2008-12-31 00:02:28

del.icio.us digg facebook Email twitter print

The manufacturing units in the Mohali district of Punjab are facing severe problems as the economic meltdown continues to worsen. The situation has adversely affected these units, forcing many to shut shop. Besides extended power cuts, government apathy has left most of the industrial units in Mohali in a state of despair.

(OPENPRESS) December 31, 2008 -- The manufacturing units in the Mohali district of Punjab are facing severe problems as the economic meltdown continues to worsen. The situation has adversely affected these units, forcing many to shut shop. Besides extended power cuts, government apathy has left most of the industrial units in Mohali in a state of despair.

Over 1,200 small-scale industrial units in Mohali, which employ nearly 1,00,000 people, have been affected by the global financial crisis. Many of these industries are engaged in manufacturing engineering goods and automobile parts. With exports shrinking drastically and domestic market in doldrums, the current scenario for Mohali's industries looks quite gloomy.

In addition to the financial crunch, prolonged power cuts by the state government have slowed down the production activity of micro and small industrial units in Mohali. The Punjab State Electricity Board's (PSEB) recent decision to enforce 34-hour mandatory power cut per week has left these units with no option but to slow down their manufacturing process and reduce the number of shifts. Reportedly, some industries have decreased their production activity and have even given an extended leave to their staff.

Poor planning and lack of foresight on the part of the government have left Mohali's industrial units in a state of misery. The lackadaisical attitude of the government towards taking adequate relief measures for languishing industrial units has increased the financial woes of these players. Insufficient power and water supply along with poor infrastructure have further worsened the state of these industries. The appalling situation is discouraging foreign investors to establish their projects in the district.

The bleak prospects have already forced some of the industries to shift their base to Baddi an industrial town in Himachal Pradesh. However, other industries, which are unable to shift base, have placed their hopes on the Union government to take immediate action for revival of small scale industries in Mohali.

For more information visit: http://www.bizxchange.in

.




Contact Info

bizxchange
Phone: Not Given
Website: http://www.bizxchange.in



Release Info

Metro Area: ALL REGIONS (Including International) Read More from this Metro Area
Country: India Read more from this Country
Industry: Business Services Read more from this Industry
Press Keywords: SME experts,SME trade, sme, sme directory, manufacturing, b2b
Press Company: bizxchange
Press Site: http://www.bizxchange.in




 


Copyright © 2019
The Open Press - Professional Press Release News Wire.
All rights reserved.


   Home|About Us|Archives|Faqs|Services & Fees|Guidelines|Submit Release|Register|Company Directory|Contact Us|RSS Feeds|Email Alert