Delhi Floods: ₹200 crore business affected in 3-4 days, says trader's body
₹200 crore worth of business have been affected due to the flooding in parts of the capital city. “We appeal to the traders and market associations of old Delhi to halt movement of goods from outside in the next few days," PTI reported quoting CTI chairman Brijesh Goyal as saying. The traders body said the markets of Old Delhi, Kashmiri Gate, Mori Gate, Monestry Market, Chandni Chowk, Jama Masjid, Bhagirath Place, Lajpat Rai Market, Kinari Bazar, Fatehpuri, Khari Baoli and Naya Bazar have been affected due to the rain and flooding .
Vinay Narang, market president of Kashmiri Gate, said that there is a possibility of a loss of more than ₹50 crore due to 3-4 days of rain, whereas CTI estimated that a business of about ₹200 crores have been affected due to rains. "The rising water level in Yamuna is affecting Delhi markets badly. Business has almost come to a standstill.
Traders are waiting for the situation to return to normal. The customers coming from nearby cities have also postponed the plan. Railways stopped the movement of trains on the old iron bridge, many train routes have been changed, while some have also been cancelled.
Even more traders and buyers are not coming to Delhi," PTI quoted Goyal as saying. As per CTI, Delhi receives more than 2 lakh customers from places like Rewari, Gurgaon, Ghaziabad, Faridabad, Meerut, Sonipat, Panipat, Palwal, Baghpat, Baraut, Muzaffarnagar every day. Meanwhile, Delhi recorded a rapid increase in the Yamuna's water level over the past four days.
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