2. ● To Study the economics of Peenya
industrial area, bengaluru
● To research the working
environment, current challenges,
latest developments and potential
opportunities for the industrial
area.
Objectives
3. The task involves exploring Peenya industrial area
in Bengaluru, India, and analyzing its economics,
major companies, working environment, challenges,
developments, potential opportunities, and
gathering reflections from a person working in the
area.
Peenya industrial area is one of the largest
industrial areas in Asia, spread over 4000 acres,
and houses around 8000 manufacturing units. The
area contributes significantly to Karnataka’s
industrial growth, generating employment
opportunities and adding to the state’s economy.
Introduction
4. Some of the major companies in Peenya
industrial area include ABB, BHEL,
Bosch, Hindustan Machine Tools (HMT),
Kirloskar, L&T, and Tata Motors. These
companies operate in various sectors
such as automobile, electrical,
electronics, and engineering.
Major Companies
5. Working Environment
The working environment In Peenya
industrial area is highly competitive,
with a focus on innovation and efficiency.
Most of the companies follow modern work
practices, ensuring employee safety and
welfare. However, the area faces
challenges
6. Latest Developments
The latest developments In the area include the
introduction of Industry 4.0 technologies, such as
automation, artificial intelligence, and the
internet of things. The area also witnesses the
emergence of startups and small-scale industries,
contributing to job creation and technological
innovation.
7. Potential Opportunities
The potential opportunities for the industrial
area include the expansion of existing companies
and the development of new industries such as
renewable energy, biotechnology, and
nanotechnology. The area can also leverage its
strategic location and access to transportation
networks to attract more foreign investments.
8. An insight of a person working in
the area
A person working in Peenya industrial area
reflects on the fast-paced and dynamic work
environment, the need for upskilling and
reskilling to keep up with the latest
technological trends, and the importance of
collaboration and teamwork in achieving business
goals.
9. Conclusion
Overall, Peenya industrial area has significant
potential for growth and development, but
addressing the challenges and leveraging the
opportunities requires a collective effort from
stakeholders, including government, industries,
and the workforce.
10. Team Members:
Yash Hegde 20BMSR0293
Yuvraj Jain 20BMSR0297
Shubhrant Patra 20BMSR0281
Sourya Das 20BMSR0285
