The Hindu Business Line
‘Vardah’: Exports worth ₹300 cr lost
Exports worth more than ₹300 crore were lost due to Cyclone Vardah. which caused huge havoc to the infrastructure in the city and neighbouring districts, Federation of Indian Export Organisations said. “Exporters in Chennai lost more than ₹300 crore due to Cyclone Vardah alone. Huge losses were incurred to individual industries as well due to the calamity,” FIEO Chairman A Sakthivel said. Several industrial units were unable to operate as power and water supply were yet to be restored in many areas. “Apart from damage to the properties, entire production process has stopped.” He urged the state government to waive the interest on working capital for half yearly period for units affected by the cyclone.