Home » GENERAL » Cauvery Shutdowns: Bengaluru Suffered Rs.25000 Cr Loss, Says Assocham

Cauvery Shutdowns: Bengaluru Suffered Rs.25000 Cr Loss, Says Assocham

Industry body Assocham has estimated the loss to the exchequer and private sector due to Bangalore riots and shutdown would be in the range of Rs.22,000 crore, a massive figure compared to the loss in water lost to Tamil Nadu.

More than that it has dented the image of Bangalore as India’s Silicon Valley, which has several Fortune 500 companies.

“With widespread damage to vital urban infrastructure, interruption in the transport including, roads, rail and air and inability of the workforce to safely move to and from offices and factories,” said Assocham Secretary General D S Rawat.

In fact, this is nothing compared to the loss of waters per day suffered by Karnataka which stands at around Rs.84 crore even if bought commercially in the market. So, it is high time the Centre brings forth the initiative mooted up by the Vajpayee government in 2003 to link major rivers and achieve self-sufficiency for water in every region.

Unless alternative resources are tapped, the Cauvery dispute would remain just a tip of an iceberg in a massive country like India that may even threaten its federal framework.


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