Bengaluru: Loss Rs 7,500 crore due to truck owners' strike
Several real estate developers across the city said that prices of the construction materials has almost doubled.
Bengaluru: The ongoing truck owners’ strike entered the sixth day on Tuesday. But differences of opinion between two factions of truck owners association have cushioned the impact of the strike.
Mr G.R. Shanmugappa, general secretary, South India Motor Transport Association (SIMTA), said that the strike will continue till the Insurance Regulatory and Development Authority brings down the vehicle insurance premium amount.
Sources in the state transport department said that the strike has caused a loss of around Rs 7,500 crore to the state exchequer in the last six days. “In Kolar, farmers have started throwing their vegetable produce on the road because goods vehicles are not available. The supply of vegetables and other essential commodities to the city has come down by around 30% because of the strike,” said an officer.
Several real estate developers across the city said that prices of the construction materials has almost doubled. “A truckload of sand is now charged above Rs 1 lakh. Cement supply has also been hit by the strike,” says Mr Shrikanth Kini, a contractor. “We are looking for an early solution,” he said.