Over Rs 4,000 cr loss incurred during terror attacks

Mumbai, Nov 29 (PTI) The 60-hour terror ordeal that
struck Mumbai on Wednesday night caused a blow of nearly Rs
4,000 crore to the financial capital of the country, industry
experts said Saturday.

"It is an overall loss to the economy as hotels, shops
and all businesses were closed. A minimum of Rs 1,000 crore
per day is lost when such a shut-down takes place," Assocham
Secretary D S Rawat told PTI.

"If you take the impact for four days due to the siege,
then the overall loss could be over Rs 4,000 crore," he added.

On Thursday, the Bombay Stock Exchange, National Stock
Exchange and Commodity exchanges were shut and many of the
corporate offices had reported skeletal staff presence as
security forces tried to overcome terrorists, who struck at
different parts of the city.

Combined daily turnover of the BSE, NSE and the commodity
exchanges is about Rs 32,710 crore.

The attack on the city, which is also the entertainment
hub of the country, has greatly affected the television and
movie industry with a loss of about Rs 10 crore, estimated
during the last three days of terrorist attacks.

According to a film producer, who did not wish to be
named said the biggest hit was the theatre business losing
about Rs eight crore due to closure of screens.

"TV and film production business is anyway affected and
has suffered a loss of about Rs two crore," he added. PTI RK
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