Rediff India Abroad
 Rediff India Abroad Home  |  All the sections


The Web

India Abroad

Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article

Home > Business > PTI > Report

Business worth Rs 500 crore expected through Nathu La

June 30, 2003 17:08 IST

With border trade through Nathu La pass expected to be around Rs 500 crore (Rs 5 billion) per annum after the Sino-Indian agreement on reopening of the route, traders in Sikkim are reviving their links with their counterparts based in Tibet.

"The Sino-Indian agreement on the reopening of the border trade through Nathu La would enable Sikkim to transact business worth at least Rs 500 crore per annum via this route," the Sikkim Chamber of Commerce general secretary Ghanshyam Agarwal said in Gangtok on Monday.

Old traders of Sikkim, who had lost their trade links with Tibet after closure of the route through Nathu La in 1982, were now trying desperately to get back in touch with their business links in places like Yathung, Pharidscng, Gyantse, Sigatso and Lhasa in Tibet, he said.

Congratulating Prime Minister Atal Bihari Vajpayee for achieving this 'breakthrough', which was bound to give a major boost to the trade and business activities in this tiny hill state, Agarwal said the reopening of the trade route through Nathu La was one of the two main demands made by the chamber during Vajpayee's recent visit to the state.

"The SCC thanks the prime minister for fulfilling this demand," Agarwal said.

© Copyright 2006 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments

 What do you think about the story?

Read what others have to say:

Number of User Comments: 1

Sub: Business hoga lekin Sikkim Jayega.

There is an idiom in Marathi. "Gadh aalaa pur sinh gelaa". The fort was won, but in the process Shivaji lost one of his most ...

Posted by chanakya



Copyright 2006 India Limited. All Rights Reserved.