Cauvery protests cause nearly Rs 22000 cr loss: Assocham

Chennai: The Cauvery water protests have caused a whopping loss of nearly 22,000-25,000 crores as it led to disruption in productivity of businesses, transport troubles and movement of goods as well, revealed industry body Assocham.

"Violence in the state capital and other parts of Karnataka has severely dented the image of Bengaluru as Silicon Valley of India, home to almost all the Fortune 500 companies," said Assocham while making a fervent appeal for peace in both Karnataka and Tamil Nadu.

"The way the violent incidents spread is demoralising the business and industrial community, particularly in the capital city of Karnataka. The image that India built around Bengaluru as its 'Silicon Valley' is being sullied," said D S Rawat, secretary general, Assocham.

Protests over the Cauvery issue continued in some parts of Tamil Nadu with fringe outfits like Naam Tamizhar Katchi (NTK) holding agitations outside Kannada establishments here and in Coimbatore.

In Chennai, unidentified men pelted stones at an ATM of Karnataka Bank, damaging the glass panes, police said.

Activists of NMK held protests outside hotels owned by natives of Karnataka in different places in Chennai and around 12 people were arrested when they tried to enter the premises at Mylapore.

At Coimbatore, at least 30 NMK activists, led by its district secretary Wahab, raised slogans against Karnataka and went to Karnataka Association hall in Tatabad, police said.