//Truckers' strike caused Rs.10 bn industry loss'

Truckers' strike caused Rs.10 bn industry loss'

By Indo Asian News Service

New Delhi, June 13 (IANS) The dawn-to-dusk truckers' strike Tuesday in response to the Left parties call to protest the hike in petrol and diesel prices has caused the Indian industry an estimated loss of Rs.10 billion, a leading industry body has stated.

'The strike caused the Indian industry roughly about Rs.10 billion loss as economic activities and movement of essential goods came to halt in states of Kerala, West Bengal, Tripura, Tamil Nadu, Uttar Pradesh and Maharashtra, preventing flow of cargo and export consignments,' said the Associated Chambers of Commerce and Industry of India (Assocham) in a statement.

Feedback received from various constituents of the chamber from across the country showed that routine businesses activities were paralysed to a large extent particularly in states of Kerala, West Bengal, Tripura and partly in Tamil Nadu, said Assocham president Anil K. Agarwal.

In Maharasthra and Uttar Pradesh and in parts of Haryana and Punjab, industrial operations were largely disrupted after 'trade unions forced commercial establishments to remain closed as most of them could not secure raw material supplies since truck operators kept off the roads and railway services were delayed for hours together,' Agarwal stated.

The government last week increased the petrol and diesel prices by Rs.4 and Rs.2 a litre respectively to cut the losses of state-run oil marketing companies that have been hit hard by soaring global crude prices.

However, the Left Front, which supports the Manmohan Singh government from outside, had opposed the move and called for a nationwide strike Tuesday.

Copyright Indo-Asian News Service