Bengaluru IT Firms Lose ₹225 Crore Rupees as a Result of the Employees’ stuck for 5 hours in Traffic Jam

Bengaluru IT Firms Lose ₹225 Crore Rupees as Employees' stuck for 5 hours in Traffic Jam

IT companies in Bengaluru lost 225 crore rupees on August 30 as a result of their employees being detained in traffic for about five hours due to severe flooding that day that brought the city to its knees. On September 1, the Outer Ring Road Companies Association sent a letter to Chief Minister Basavaraj Bommai outlining the loss and the pressing need to rebuild the city’s infrastructure.

Details about the Bengaluru IT Firms Lose ₹225 Crore Rupees as Employees’ stuck for 5 hours in Traffic Jam:

The ORR’s subpar infrastructure has now reached crisis proportions.

The Outer Ring Road segment in Bengaluru, which runs from Krishnarajapuram to the Central Silk Board region, is thought to employ more over a half a million people. Over a million people are employed directly and indirectly along the 17 kilometre stretch, which makes a significant contribution to the state’s economy.

It is shocking that there is no effort being made to build the infrastructure in this specific area. The recent collapse of Bengaluru’s infrastructure has raised concerns on a worldwide scale and casts doubt on the city’s continued development.

The association is been worried that, if nothing changes, the businesses may look for another location.

According to Manas Das, the president of the ORRCA, and Archana Tayade, the vice president, “ORR IT generates revenue of USD 22 billion per year, which is 32% of Bengaluru’s revenue, and is the top tax contributor,” as per source.

Earlier, Bengaluru’s Chief Minister Basavaraj Bommai paid a visit to the flood-affected districts on the city’s outer ring road and pledged to address any municipal problems as quickly as possible. He has even commanded the authorities to demolish buildings and encroachments that are obstructing the city’s storm water drains.

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