PITHORAGARH: This year's India-China
border
trade via the Himalayan pass of Lipulekh, that starts from June 1 every year, is yet to kick off as a customs office and a State Bank of India (SBI) branch has not been set up so far in Gunji, the Indian mandi.
TOI had, on June 5, reported that traders on the Indian side had complained of not receiving trade passes. However by Tuesday, 106 out of 169 traders, who had applied to participate in the trade event, were given passes by the administration, Varun Agarwal, trade assistant told TOI.
Notably, traders have already carried their goods at Nagang, Bundi and Gunji for the event, Jiven Singh Ronkali, president of India-China border trade committee, told TOI.
Border trade between the two countries is conducted for five months from June to October at Taklakot market in western Tibet on the Chinese side and in Gunji on the Indian side. Indian government also sets up a temporary SBI branch, a customs office and a police chowki in Gunji for the
annual
event.
Last year, business transactions worth over Rs 6.55 crore took place between India and China, of which imports by Indian traders stood at Rs 5.59 crore and exports by them them stood at Rs 96.5 lakh.
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