The Outer Ring Road Companies Associations (ORRCA) in a letter submitted to Karnataka Chief Minister Basavaraj Bommai on Thursday estimated a collective loss of Rs 225 crore of all the firms it represents due to the flooding of outer ring road after heavy rain lashed the city on August 30.
The ORRCA represents all major IT and banking companies on the Outer Ring Road (ORR) stretch.
“It is estimated that more than half a million professionals are employed along the Outer Ring Road (ORR) between Central Silk Board and K.R.Puram corridor and with various support services and indirect employment, this corridor which measures about 17 kms is providing employment close to one million people,” the letter read.
