Aug 30 flood in Bengaluru led to a loss of Rs 225 cr: IT firms to CM Bommai

The flood on August 30 which brought parts of Bengaluru to its knees led to a loss of about Rs 225 crore on a single day, the Information Technology and banking companies said in their letter to Chief Minister Basavaraj Bommai seeking his attention to address the "appalling infrastructure" of the city.

In a letter to Bommai dated September 1, the Outer Ring Road Companies Association (ORRCA) said half-a-million professionals are employed along the Outer Ring Road (ORR) between Central Silk Board and Krishnaraja Puram corridor. President of the ORRCA Manas Das and vice-president Archana Tayade said this corridor measuring about 17 km provides employment to close to one million people.

ORR IT generates revenue of USD 22 billion per annum, which is 32 per cent of Bengaluru's revenue, and is the highest tax contributor, they said. The poor infrastructure on this corridor, however, is bringing down the efficiency and productivity of the companies and putting employee safety and wellbein