Financial Daily from THE HINDU group of publications
Tuesday, Dec 20, 2005


Group Sites

Industry & Economy - Foreign Trade

Trade thru Nathu La Pass may take off by second half of 2006

Our Bureau

Kolkata , Dec. 19

IT WOULD be meaningless to talk of trade through the Nathu La Pass unless infrastructure on both sides of the India-China border was upgraded adequately, according to Prof. Mahendra P. Lama, Leader of the Nathu La Trade Study Group and Chairman of the Centre for South, Central, South- East Asian & South-West-Pacific Studies, School of International Studies, Jawaharlal Nehru University.

Addressing members of the Indian Chamber of Commerce here on Monday , Prof. Lama said requirements of road infrastructure, communications and banking facilities and container depots, among others, need to be addressed before trade through Nathu La Pass could become a reality.

The Nathu La Trade Study Group has already recommended a Rs 1,700-crore package towards this end. The trade-through-Nathu La initiative was being pushed jointly by the Government of Sikkim and the Centre.

It is expected that trade through Nathu La would take off by the second half of 2006. Infrastructure on the Chinese side was far advanced compared with the Indian side of the border.

According to him, it has been estimated that, on the higher side, the value of bilateral trade through Nathu La would be Rs 206 crore in 2007, and go up to Rs 12,203 crore by 2015.

On the lower side, the value of bilateral trade through Nathu La has been pegged at Rs 353 crore in 2010 and Rs 450 crore in 2015.

The value of Indo-China bilateral trade in 2004 was $9.8 billion, which is seven per cent of India's bilateral trade globally. For trade through Nathu La, the main transit point on the Indian side would be Gangtok within Sikkim and Siliguri outside of Sikkim.

The main items that would be traded are food items and agro-products, construction materials, energy, etc.

More Stories on : Foreign Trade

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Tropical storm shows signs of weakening

Many PSUs may get nod to handle pension funds
'Coal mines provident fund struggles to pay 8 pc interest'
Nagaland Plan outlay at Rs 760 cr
Price of development
Trade thru Nathu La Pass may take off by second half of 2006
`Netherlands, TN could tie up for economic benefits'
Dutch Consul seeks greater co-operation with Indian business
TCS inks pact with Novo Nordisk
IPE on ADB institutes network
AP to waive surcharge for defaulting power users
Tobacco industry seeks exclusion from VAT
Panel calls for content regulator, rules for TV programmes, ads
ESPN-Star Sports eyes Rs 100-cr revenues through Dish TV tie-up
NIIT, catalyst in rural schooling transformation
CEC, Inflibnet to spread awareness on networking classrooms
ICFAI varsity to hold global meet
Continuing medical education workshop at Hyderabad
DTH-loaded Insat-4A launch on Dec 22
A splendid year for Malayalam film industry
Women's organisation to step up pressure
Govt to divest 8 pc in Maruti — Stake sale limited to banks, FIs
SBI Caps wins bid for valuation of Govt stake in Balco
India's FDI record no big deal, says Yale Prof
Now, NRIs favour `Investment Regions'
`WTO deal favours the rich'; Left plans stir
Don't press for a wage hike, APK tells workers
`Imbibe value engineering in design and construction'
IIT-Kharagpur to host nanotech meet
Poultry body plans floor price for egg export
Revenue department eases norms for registration of EOUs
Tamiflu, an export opportunity for domestic drug cos
More funds for tourism infrastructure sought
SEBI bars DSQ Biotech from markets till April 2008
Ruia Group Chairman served with DRI notice

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line