Damage in TN may cross Rs 15,000 cr: Assocham

The financial loss due to record breaking rainfall in Chennai and several parts of Tamil Nadu may even exceed Rs 15,000 crore mark as the city has come to a virtual standstill and is in the grip of fear and panic, apex industry body ASSOCHAM said today.

Unprecedented torrential downpour in Chennai and other parts of Tamil Nadu has led to total chaos thereby creating an atmosphere of uncertainty and panic not only for the trade, industry and other commercial activities but especially amid common individuals who are bearing heavy financial loss to their properties, said Associated Chambers of Commerce and Industry of India (ASSOCHAM) Secretary-General DS Rawat. He said Urbanisation and unplanned growth are the main contributing factors for floods in Chennai which is also a lesson for both upcoming and existing metros like Delhi, Bengaluru, Mumbai and others as any negligence or ill-preparedness might invite trouble in a similar manner or may be even worse than this. UNI 

Authorities in all metros should review their disaster management plans at regular intervals and make long-term plans to improve drainage systems and even households and communities need to be prepared for such extreme events that are generally predicted about.