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| Indian traders do brisk business through Nathula | |
| Press Trust of India / Gangtok November 21, 2008, 13:09 IST | |
Export from the Indian side has done good this year in border trade between India and China at Nathula Pass, registering a turnover of Rs 58 lakh from May 19, when this year's trade began, to September.
On the other hand, import during the same period was just Rs 1.35 lakh, according to Sikkim's commerce and industry department.
With bilateral border trade through the historic Silk Route between India and China remaining open for one more month, the export turnover from India is likely to increase substantially.
Annual border trade, which this year commenced three weeks after the scheduled date, had started on a tepid note to record a thin volume in the first two months, but the business picked up subsequently.
In terms of visits to trade marts of the two countries, while 1,115 Indian traders visited the Renquingang trade mart at the Tibet Autonomous Region till October 30, 2,787 Chinese traders visited the Sherathang mart in India.
With export of non-basmati rice, a favoured item among importers from the Tibet autonomous region (TAR), off the export list, the Centre decided to ban its export this year, the traders association said.
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