/dqweek/media/agency_attachments/JNb31gQnqJvAm0jqPxaV.png)
Follow Us
New Update
lang="en-US">
riots in
last week have resulted in the IT channel
incurring an estimated loss of Rs 40 crore. “The old city of
Hyderabad is totally under curfew since last Monday and there has not
been any relaxation till day. The police has issued shoot at sight
notice and the entire old city is paralyzed,” said KVR Menon,
President, TCCDA (Twin Cities Computer Dealers Association). lang="en-US">
According
to
Menon, the curfew in old city has resulted in loss in terms of
workforce also since most of the employees working in channel outlets
and offices come in daily from the old city. “I have no idea when
the situation will improve or even when it improves how long will it
take to normalize business. Also, local media activities have been
curbed from reporting untoward incidents,” Menon concluded. lang="en-US">
Commenting
on
the situation in the city and its impact on business, Vikas
Hisariya of Vishal Peripherals said, “The impact of the riots has
been bad on the market. Although the market is open across these days
on account of it being in the new city, there is hardly any sales
activity here. Last year we did excellent turnover during the
year-end, however, owing to the situation prevailing now, there has
been a huge loss.” lang="en-IN">
city has been attracting global investments from leading IT firms,
outsourcing and pharmaceutical companies paving the way for a better
economy, but communal clashes backed by the Telangana issue has left
the image of the city tarnished owing to the series of
agitations backed by political tensions. lang="en-US">
Keeping
his
identity discreet, one of the leading channel partners in the
area said, “Although there has not been any official declaration
over the cause of the riot, it seems evident that the opposition, in
a bid to pull down the government has been fueling communal
sentiments leading to the outbreak.” lang="en-IN">
on
the business front, there has been a huge loss in terms of channel
trading. “There has been an estimated business loss of nearly 50
percent because of the riots. The riots took place at a crucial time
for business as we see more sales around
Estimates
have put up the monetary loss at Rs 20 crore till Tuesday
and it is estimated that by Frid
the total loss of business opportunity will shoot up to Rs 40 crore,”
elaborated MV Venkateshwara Rao of SV Electronics. lang="en-US">
Despite
the
setbacks the channel community is optimist that the situation
will improve. “I expect the situation to improve and normalize
soon. However, I do not know exactly when the business will brighten
up in the city,” Rao concluded. lang="en-IN">
most of the channel partners that
DQ Week
spoke to were disappointed with the current turn of events, there
were some who opined that the situation is not as grim as it is being
made out to be. “Although there has been a curfew in the old city,
the new city has not been affected much. Business is normal and
although some employee crunch is being felt these days because of the
riots, there has not been a big negative effect on business. The
Cyberabad area has not been affected at all and also, the High Tech
City is functioning normally but with a lesser attendance
percentage,” stated Pulla Reddy of SP Software. Speaking in the
same vein, A Srinath of Shell Networks said, “The situation in the
city is under control and business is usual in the new city. During
the Telangana turmoil, we had suffered a lot, but not this time.
Although we are pulling down our shutters early, around 4pm these
days, business is perfect at the normal pace.” lang="en-IN">