Flood Severely affects Plywood Trade

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The wood panel industry and trade, has been already suffering from payment bottleneck due to cash crunch, has hit by another trouble due to flood and water logging in go-downs, showrooms, factories and stock points. Wood Panel traders in the states like MP, Rajasthan, Maharashtra, Karnataka, UP and very recently in Bihar have been badly affected due to unprecedented flood due to heavy rain in these regions.

The traders have lost crores of rupees due to destroying their belongings and halting production at industrial blocks. Their go-down are water logged due to extremely heavy rainfall and the consequent discharge of water from the hilly area and rivers in the region. For example Gandhi Sagar Dam in Madhya Pradesh and other reservoirs in Rajasthan have been flooding in the downstream as well as upstream areas which have created trouble for traders and manufacturers in MP and Rajasthan.

The Ply Reporter survey indicates that several towns and districts such as Patna, Hajipur, Mujaffarpur in Bihar; Vidisha, Raisen, Rajgarh, Mandsaur in MP; Baran, Bhilwara, Bundi, Chittorgarh, Kota in Rajasthan etc are affected due to flood. The damage is huge that also indicates the reports published in local and national newspapers. Due to flood and water logging for long time some states major national and state highways have been disrupted which has aggravated the situation affecting the transportation of goods.

Very recently at the end of monsoon, the hilly area in northern region and Himalayan range witnessed heavy rainfall due to which several industrial blocks in Bihar nearer to Ganga river like Patliputra and Hajipur based plywood industry is badly affected of water logging.

The showrooms and go-downs of plywood, MDF and particle boards have been waterlogged that causes huge damage to the industry and trade in the state. According to an estimate the traders have lost nearly Rs 50 crore by destroying their goods and machinery at factory premises in Patna and nearby regions. Sales are also badly affected and people have been forced to live in shelters.

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