Tamil Nadu industries suffer $1-bn loss due to Cyclone Vardah: Assocham

Insurance sector should expedite claim settlements, said the industry body

A car moves past an uprooted lamp post and tree following a storm in Chennai (Photo: PTI)

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. 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 ...