Sources have stated that with the movement of cargo to and from Karnataka being paralyzed by the Cauvery dispute, industries here are staring at piled-up stocks, depletion of raw materials and escalating costs and trucks with goods worth several crore of rupees are stranded in border areas.
Vanitha Mohan, president of the Indian Chamber of Commerce and Industry, Coimbatore has said though Karnataka in itself is not a major market for all industries and businesses here, it is a gateway to Maharashtra and Gujarat. Lorries were plying through Andhra Pradesh and however, with the floods, that is also affected.
She has said this is gradually leading to cost escalation, not only for industries but also for the public and those handling perishable goods are hit hard and the price of dal dropped to Rs. 80 a kg and was ruling again at Rs. 120 presently.
Meanwhile M. Senthil Kumar, chairman of Southern India Mills’ Association has told they sell yarn and fabric in Maharashtra and buy cotton from Gujarat and Maharashtra and even if textile mills here are willing to spend Rs. 5,000 or Rs. 10,000 more for Lorries to ply through Andhra Pradesh, vehicles are not available for them.
