TN cyclone loss estimated at $1 billion

TN cyclone loss estimated at $1 billion

The severe Cyclone Vardah, which hit the coast of Chennai on Monday has caused destruction worth up to $1 billion to the industries, said industry body Assocham.

Assocham hasestimated losses resulted due to uprooting of trees, overturning of cars, infrastructural damage and intensive losses in agricultural sector including destruction of banana plantation, papaya groves, rice paddies and other property losses totaling an amount of at least Rs 6,000 crore.

At least 23 people were killed in six districts of Tamil Nadu in rain-related incidents linked to Cyclone Vardah. The government said it is taking all steps to ensure that the jammed mobile phone networks are restored and a meeting of telecom operators and officials was held.

The hurricane-strength storm caused by Vardah uprooted trees, overturned cars and caused extensive damage to buildings, besides it has also significantly hit agricultural sector, destroying banana plantations, papaya groves, rice paddies and others thereby causing widespread destruction worth up to $1 billion, said D S Rawat, secretary general of Assocham.

Though total cost of damage resulting from output lost as a result of disruption to economic activity and the cost of rebuilding homes and infrastructure, remains unclear, arriving at a clearer assessment could be reached within a couple of months’ time, he said.

The cyclone has weakened into a well marked low pressure, a day after it wreaked havoc in the city and neighboring districts, weather officials said on Tuesday.