Tamil Nadu industry says strike will hit the state
Mar 30, 2007 - 10:45:08 PM
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Urging people to reconsider the protest, he said: 'Tamil Nadu is in the forefront of economic development and stalling the industrial and commercial activity due to the shutdown will have an adverse effect on investors.'
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By IANS,
[RxPG] Chennai, March 30 - An industry representative body in Tamil Nadu Friday urged the state's people to reconsider their call for a shut down protesting the Supreme Court stay on quota saying the economic cost of the protest would be enormous.
Political parties in the state have given a call for a shut down Saturday to protest a Supreme Court stay on 27 percent quota based on old census for other backward classes - in elite educational institutions.
The Confederation of Indian Industry's - state council chairman Gopal Srinivasan said: 'The loss of gross domestic product - for the state at current prices per day, will be close to Rs.7.5 billion.'
Urging people to reconsider the protest, he said: 'Tamil Nadu is in the forefront of economic development and stalling the industrial and commercial activity due to the shutdown will have an adverse effect on investors.'
'Industries are committed to meet their productivity target at the end of the financial year,' he said here.
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