HomeCar NewsTraffic Jam Bengaluru Leads To Loss Of Rs 225 Crore

Traffic Jam Bengaluru Leads To Loss Of Rs 225 Crore

A traffic jam in Bengaluru cost IT companies a loss of Rs.225 Cr

Join Gearhead Community on Telegram

A recent traffic jam in Bengaluru that lasted five hours cost IT companies a lot of money. The Silicon Valley of India is another name for Karnataka’s capital. Large IT companies are largely to blame for this. Some of these are locally owned businesses, while some of the biggest tech corporations in the world have corporate offices here as well. It has also recently served as the nation’s startup culture’s hub. Numerous new businesses, particularly in the tech sector, are being established here.

The business side of things suffers greatly as a result of these persistent traffic jams. India.com reports that the recent floods in the city resulted in a 5-hour traffic jam and financial losses of about Rs 225 Crore. This is true despite the fact that many employees continue to work from home. Water has accumulated in different areas of the city as a result of the inadequate road infrastructure, greatly inconveniencing the general public.

Traffic Jam Bengaluru Leads To Loss Of Rs 225 Crore

Also Read: Anant Ambani’s Ganpati Visarjan Convoy Cars

Bengaluru Traffic Loss

The Outer Ring Road Companies Association (ORRCA) wrote to Chief Minister Basavraj Bommai to bring the matter up with the authorities. The letter discussed how the IT businesses located along this well-known corridor have been impacted. Over a million people are employed by businesses along a 17 km stretch in Bengaluru that runs from Krishnarajapuram to the Central Silk Board neighbourhood. It is imperative to address this issue as soon as possible because the terrible state of this corridor directly impacts the revenues of the businesses.

You May Like:  Toyota Land Cruiser LC300 Spotted In India, India Launch Soon?

Additionally, incidents like these will damage the city’s reputation, and many businesses may start looking to leave the city and possibly the state. The ORR IT alone generates revenue of $22 billion every year. This accounts for 32% of Bengaluru’s overall revenue. The economy of the city and the state would suffer if businesses decided to leave. To address this expanding problem, ORR demanded short-, mid-, and long-term solutions. The Chief Minister promised to take immediate action.

Also Read: Famous Land Rover Defender Owners of India: Mukesh Ambani to Arjun Kapoor

Why Water Drips From Car Exhaust?

Get the Latest Automotive Updates here. For more such content stay subscribed to YoutubeGoogle NewsFacebook, & TwitterInstagram. Also, follow us on Flipboard & Reddit where we have a discussion community.

Best Cars

  • Highest Range Electric Cars
  • Best Hatchbacks
  • Best Sedans
  • Best SUVs
  • Best MPVs
  • Best Luxury Cars
  • Best Diesel Cars
  • Best Petrol Cars
  • Best Automatic Cars
  • Best CNG Cars
  • Best Diesel Hatchbacks
  • Best Petrol Hatchbacks
  • Best Jeeps
  • Best Low Maintenance Cars
  • Best Sports Cars
  • Best Super Cars
  • Best Convertible Cars
  • Best Compact SUVs
  • Best Off-Road Cars
  • Best Electric Cars
  • Best Safe Cars BS6 Cars in India

Best Scooters

Best Cars

  • Best Hatchbacks
  • Best Sedans
  • Best SUVs
  • Best MPVs
  • Best Luxury Cars
  • Best Diesel Cars
  • Best Petrol Cars
  • Best Automatic Cars
  • Best CNG Cars