Chennai floods may have led to Rs 15,000 cr losses: Assocham

By: | Updated: December 4, 2015 10:18 AM

Chennai floods and those in other areas of Tamil Nadu may have resulted in financial losses to the tune of Rs 15,000 crore, Assocham said today.

chennai floods, chennai flood news, chennai floods update, chennai flood situation, floods in chennai#Chennaifloods: People with their children wade through flood waters in Chennai. The heaviest rainfall in more than 100 years has devastated swathes of the southern Indian state of Tamil Nadu, with thousands forced to leave their submerged homes and schools, offices and a regional airport shut for a second day Thursday.(AP)

Chennai floods and those in other areas of Tamil Nadu may have resulted in financial losses to the tune of Rs 15,000 crore, Assocham said today.

“Financial losses due to record breaking rainfall in Chennai and several parts of Tamil Nadu may even exceed Rs 15,000 crore mark,” the chamber said.

Assocham also launched a drive to mobilise funds from its four lakh plus member organisations across India to contribute generously to provide rescue, relief and rehabilitation to victims of the incessant rains and floods in Tamil Nadu.

“We have urged our members, colleagues and common individuals to come together for generously donating to the Prime Minister’s and Chief Minister’s Relief Fund and extend quick and maximum help to the affected people in this hour of extreme crisis as the heavy rains have wreaked a havoc in Tamil Nadu.

“The torrential rains have caused massive human and property loss, our generosity will make a direct and meaningful difference to the lives of those affected, it is a serious matter and we need to work together to come out of this difficult time,” said the industry body.

Apart from trade and industry, it is the common people. small and medium enterprises (SMEs) and auto ancillary units that have been worst affected by this catastrophe, it said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition