New Delhi: Floods in Jammu and Kashmir have caused a loss of around Rs.5,700 crore with heavy damages to trade, hotels, restaurants, horticulture and handicraft, Assocham said Sunday.

"The total losses are estimated to be Rs.2,630 crore for hotels, trade, agriculture and horticulture, roads and bridges, while infrastructure like railways, power and communication would have suffered a loss of around Rs. 2,700-3,000 crore," Assocham said in a statement.