Wednesday, August 20, 2008

Nathu La border trade gains momentum


Gangtok, Aug 20 (PTI) Border trade between India and China through Nathu La has gained momentum, with the country's export turnover in the last month alone indicating a significant growth.
According to figures released by the Sikkim Commerce and Industries Department, the turnover of export from India reporting a figure of Rs 7.20 lakh in July.

The export turnover at Nathu La, which reopened on May 19 this year, for the two till June stood at about Rs eight lakh export turnover. The total export turnover up to now stands at Rs 15.67 lakh.

Textile products like shawls, blankets, utensils and copper items were much sought after by Chinese importers in view of the growing demand for them by the people of the Tibet Autonomous Region (TAR), Commerce and Industry Department officials said.

Products like vegetable oil, canned food, tea, cigarettes and coffee were also much in demand by Chinese importers, they said.

Expressing satisfaction with the growth of bilateral border trade this year, the officials said that with Beijing Olympics 2008 coming to an end on August 24, the volume of the bilateral border trade was expected to pick up with the larger participation of traders of the two countries. PTI