BANGALORE: After steel companies , the ban on iron ore mining in Karnataka is beginning to hit allied industries.
Of the 250 foundry units and a similar number in the sponge and pig iron sector, at least half of them have been facing closure threat following a ban imposed by Supreme Court on mining in the state.
"The problem is already getting serious. The allied industries use almost 750-1 ,100 tonnes a day in production and the stock we now have is good enough for around a month. Many are on the brink of shutting down. There's already labour trouble brewing with the closure buzz," said Prakash N Raikar of Karnataka Small Scale Industries Association (Kassia). What is worrying the government and the industries more is that an estimated 2 lakh people are bound to be affected if all the foundry units are shut leading to widespread unemployment in the region.
vivek kumar
pgdm 3rd sem
Of the 250 foundry units and a similar number in the sponge and pig iron sector, at least half of them have been facing closure threat following a ban imposed by Supreme Court on mining in the state.
"The problem is already getting serious. The allied industries use almost 750-1 ,100 tonnes a day in production and the stock we now have is good enough for around a month. Many are on the brink of shutting down. There's already labour trouble brewing with the closure buzz," said Prakash N Raikar of Karnataka Small Scale Industries Association (Kassia). What is worrying the government and the industries more is that an estimated 2 lakh people are bound to be affected if all the foundry units are shut leading to widespread unemployment in the region.
vivek kumar
pgdm 3rd sem
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