Rs 100 cr MSME investment washed away in Uttarakhand floods
Updated: Jun 19, 2013 05:54:02pm
Dehradun, Jun 19 (KNN) Investment over Rs 100 crore, mostly in the small and medium enterprises in three of the worst affected districts of Uttarakhand- Uttarkashi, Rudrapraya and Chamoli- is estimated to have been washed away in one of the worst floods in the state where over 150 people have lost their lives.
“In Uttarkashi, Rudraprayag and Chamoli we have Rs 150 cr investment and we have lost approximately Rs 100 crore,” President of the Industries Association of Uttarakhand Pankaj Gupta told Knowledge and News Network.
He said there is no information as yet whether about 6,500 MSMEs have survived at all in the disaster which has been playing havoc for the last seven days following early monsoon rain in the northern Indian state of Uttarakhand.
In all there are 14,000 MSMEs in the five districts of Uttarkashi, Rudraprayag, Chamoli, Tehri and Pauri of which about half of them seem to have been totally decimated.
Äctivities have come to a complete halt. There is no transport, no electricity. Roads and other infrastructure are completely damaged.
“For the last seven days, transport in these areas has been completely disrupted,” Gupta added.
The situation was reviewed in a meeting with National Disaster Management officials and the industries association.
As tourism is the main economic activity in the state, most of the business activities revolve around the service sector like hotels, restaurants, food and beverage, retail trade.
Besides, there are small units making blankets, shawls, rugs, fruit juice, plants, flour mills and footwear.
“While it is premature to assess the financial loss, tourism has been badly affected”, Publicity Officer of the Uttarakhand Tourism Development Board, V S Chauhan said.
He said tourism is the main source of livelihood for the people living in the upper districts of the state.
Rajendra Chamola of the Shangrila Hotel near Rudraprayag said, “The Kedarnath yatra has come to an abrupt halt. About 7-8 bridges have been destroyed and many hotels are not functioning. There has been no electricity and safe drinking water.”
He said usually around this time of the year the hotels are fully occupied with pilgrims. “Sadly all bookings have been cancelled,” he added.
However, Rookree, Dehradun and Haridwar where a large chunk of industries are based have thankfully not been affected, President of the Drug Manufacturer Association, Pramod Kalani said. (SD/KNN)
“In Uttarkashi, Rudraprayag and Chamoli we have Rs 150 cr investment and we have lost approximately Rs 100 crore,” President of the Industries Association of Uttarakhand Pankaj Gupta told Knowledge and News Network.
He said there is no information as yet whether about 6,500 MSMEs have survived at all in the disaster which has been playing havoc for the last seven days following early monsoon rain in the northern Indian state of Uttarakhand.
In all there are 14,000 MSMEs in the five districts of Uttarkashi, Rudraprayag, Chamoli, Tehri and Pauri of which about half of them seem to have been totally decimated.
Äctivities have come to a complete halt. There is no transport, no electricity. Roads and other infrastructure are completely damaged.
“For the last seven days, transport in these areas has been completely disrupted,” Gupta added.
The situation was reviewed in a meeting with National Disaster Management officials and the industries association.
As tourism is the main economic activity in the state, most of the business activities revolve around the service sector like hotels, restaurants, food and beverage, retail trade.
Besides, there are small units making blankets, shawls, rugs, fruit juice, plants, flour mills and footwear.
“While it is premature to assess the financial loss, tourism has been badly affected”, Publicity Officer of the Uttarakhand Tourism Development Board, V S Chauhan said.
He said tourism is the main source of livelihood for the people living in the upper districts of the state.
Rajendra Chamola of the Shangrila Hotel near Rudraprayag said, “The Kedarnath yatra has come to an abrupt halt. About 7-8 bridges have been destroyed and many hotels are not functioning. There has been no electricity and safe drinking water.”
He said usually around this time of the year the hotels are fully occupied with pilgrims. “Sadly all bookings have been cancelled,” he added.
However, Rookree, Dehradun and Haridwar where a large chunk of industries are based have thankfully not been affected, President of the Drug Manufacturer Association, Pramod Kalani said. (SD/KNN)
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