The proposed six-month closure of Shiradi Ghat a major link between the coast and Bengaluru would cause huge revenue losses to the state in terms of cargo flowing to the New Mangalore , the gateway ofKarnataka.
New Mangalore Port Trust (NMPT) says export-import traders, Karnataka state andNMPTitself could lose up to 50% of the cargo flowing in through National Highway-75 to other states. It says exporters and importers will face huge losses due to increased transportation cost, which will make their goods dearer in international markets denting future orders.
The presentation, given to the Kanara Chamber of Commerce, says a closure negatively impacts movement of essential commodities.