India, June 4 -- A 48-hour deadline issued by the Thane Municipal Corporation (TMC) to more than 16 industrial units in Wagle Estate has triggered anxiety among business owners and workers, who fear the move could shut down factories operating in the area for over 25 years and affect hundreds of livelihoods.

The notices, served to units in Feroday Industrial Compound on Tuesday, direct them to vacate their premises within two days; otherwise, the civic body has warned of forcible demolition. The land has been earmarked for a residential cluster redevelopment project.

According to industry representatives, the units have been operating from the compound for 25 to 30 years and collectively employ more than 350 workers, whose livelihoods s...