India-China Border through Lipukekh pass stands at Rs 6 cr This Year

India-China Border through Lipulekh pass stands at Rs 6 cr This Year

Despite the ‘Lal Aankh’ speeches given by PM Modi, Business transactions worth over Rs 6.55 crore took place between India and China this year through the border at Lipukekh pass in Uttarakhand. Border trade between the two countries through the Lipulekh pass conducted for five months from June to October at Taklakot mart in Western Tibet on the Chinese side.

Total business transacted between the two countries through the border this year was 6.55 crore. Of which imports by Indian traders stood at Rs 5.59 crore and exports by them stood at Rs 96.5 lakh, trade officer PS Kutiyal told PTI on phone from Dharchula.

According to the trade officer, the Indian traders exported commodities like tea, coffee, jaggery, sugar candy, tobacco products and cosmetics; and imported raw Tibetan wool, readymade garments, shoes and cements bags.

A total of 244 Indians, including 70 traders and 174 helpers, went to Taklakot mart this year to do business with their Chinese counterparts, the trade officer said. Indo-China border trade, aimed at strengthening the economy of tribal border villages was resumed in the year 1992.

The traditional trade with erstwhile Tibet had been closed after the 1962 border conflict between two countries.