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.
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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.
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.
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