Chennai floods cause of concern for North’s industry
Floods in Chennai have become a cause for concern for the industry in north India as the delivery of auto parts, cycle parts, hosiery, sports goods, garments, footwear, carpets, bed sheets, woollens and tractor parts from the manufacturing units in cities, including Ludhiana, Jalandhar, Amritsar, Panipat and Delhi, is on hold for the past five days.punjab Updated: Dec 07, 2015 01:06 IST
Floods in Chennai have become a cause for concern for the industry in north India as the delivery of auto parts, cycle parts, hosiery, sports goods, garments, footwear, carpets, bed sheets, woollens and tractor parts from the manufacturing units in cities, including Ludhiana, Jalandhar, Amritsar, Panipat and Delhi, is on hold for the past five days.
Nearly 125 trucks move from these cities every day to Chennai and other parts of Tamil Nadu, but following the recent floods more than 700 trucks are stranded near Angol in Andhra Pradesh and Nallur, 140 km short of Chennai.
Paramjit Singh Pamma, a transporter from Ludhiana carrying goods to Chennai, told HT that he, along with hundreds of other trucks, is stuck on the route for the past five days as the floods in Tamil Nadu had washed away large parts of roads. “On Saturday, the traffic started moving at a snail’s pace but we don’t know how many days will it take us to reach the destination as the roads are in bad shape and the repair work is on,” Singh said.
With Hyundai, Ford, Renault and Ashok Leyland temporarily suspending their production, the companies manufacturing auto parts are likely to bear huge losses, which will be a big blow to the industry already reeling under recession.
Chamber of Industrial and Commercial Undertaking (CICU) general secretary Upkar Singh, while pointing to the volume of loss, said that auto part components worth Rs 1,000 crore per annum are supplied to various companies in Chennai and under the prevailing circumstances the Ludhiana units would end up losing Rs 25 crore a week.
Similarly, the import and export business is also at the receiving end, with Chennai being the second largest port of India catering to the industry at large. A large number of consignments are to be sent to other countries and that which have arrived for Indian markets are also stuck owing to the flood water in Chennai.
However, known for their benevolence, Ludhiana industrialists had once again come forward to extend help to the people in Chennai, said Federation of Industrial and Commercial Organisation president Gurmeet Singh Kular. Industrialists have decided to send blankets, clothes, dried food and other essential commodities to Chennai in the coming week.
First Published: Dec 05, 2015 19:20 IST