August 30 floods: IT firms, banks on ORR say they lost ₹225 crore in a single day
The HinduIT firms and banking establishments in the Outer Ring Road area have incurred a loss of ₹225 crore owing to the heavy rains and flooding on August 30, said Outer Ring Road Companies’ Association in a letter to Chief Minister Basavaraj Bommai. Seeking Mr. Bommai’s attention to address the “appalling infrastructure” in the ORR region in particular and the city in general, ORRCA said half a million professionals were employed along the ORR region between Central Silk Board and Krishnaraja Puram corridor. “Heavy rains and flooding in the Outer Ring Road area on August 30, which brought parts of Bengaluru to its knees, led to a loss of about ₹ 225 crore in a single day,‘‘ the association said. Flooding on ORR on August 30 has led to a loss of ₹225 crore as professionals were stuck on the road for more than five hours,’‘ ORRCA said in its letter.