Bandh costs Tamil Nadu Rs 750 crore: CII

Chennai, Mar 31: Tamil Nadu today suffered a loss of about Rs 750 crore in its Gross Domestic Product (GDP) due to the 12-hour bandh called by the ruling DMK and its allies in protest against the Supreme Court's stay on provision of 27 per cent quota for OBCs in elite educational institutions.

CII Chairman Tamil Nadu State Council Gopal Srinivasan told UNI that observing bandhs would not be the right solution for any issue in a democracy.

"The loss of state GDP at current prices per day, is estimated at Rs 750 crore approximately", he added.

Stating that the bandh would cripple industrial and commercial activities in the state, Mr Srinivasan urged the state government to resolve the issue through legal and constitutional options.

The CII had yesterday presented an appeal to the Chief Minister's office, urging them to reconsider their decision.

"Tamil Nadu is in the forefront of economic development and stalling the industrial commercial activity due to bandh will have an adverse impact on investors", he said, adding "moreover, industries are committed to meet their productivity target in the end of the financial year".

He also said "CII is committed to work on the empowerment of underprivileged sections of the society and to provide them opportunities for both basic and higher education to make them employable".

In this context, the call for bandh today would have several impact on the industry and economy of the state and adversely affect the economic development of the whole region, he said.

UNI

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