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International

Exporters lose more than $40 million in cyclone’s wake

December 19, 2016 Reprints

A Sakthivel, chairman of the Federation of Indian Exports Organizations, has said that exporters in the Indian city of Chennai lost more than 3 billion Indian rupees ($44 million) due to cyclone Vardah, Millennium Post reported. "Apart from damage to the properties, entire production process has stopped," Mr. Sakthivel said. Several industrial units have been unable to operate as power and water supply are yet to be restored in many areas.

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Exporters lose more than $40 million in cyclone’s wake

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