The Hindu Business Line : `Ambattur SSIs may be caught without flood insurance'

QUITE a few entrepreneurs in the small-scale sector could be caught without benefit of insurance because they are not covered for floods, according to Mr Shashidar Rao, President, Ambattur Industrial Estate Manufacturers Association.

Damage due to water logging comes under the head of floods, which many did not think was going to happen in Chennai. To save on premium costs some entrepreneurs in Ambattur had decided to forego flood cover, he said. Now they know better.

But the situation in Guindy is different. According to Mr T.V. Hariharane, President, Chennai District Small Scale Industries Association, some had made the mistake earlier but they had learnt a lesson in 1987 when the units had been waterlogged. So, this time the units here will be better prepared, he said.

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