FEATURED ARTICLES ABOUT NATHU LA IN ECONOMIC TIMES
August 18, 2003 |
SILIGURI: The first steps towards proper infrastructure development planning for an early start to Sino-Indian border trade through Nathu La were taken when top officials of 12 central ministries met in Delhi on August 13 to discuss the various issues involved. The meeting was convened by CP Thakur, Union minister for small scale industries and development, North-Eastern region. Referring to the outcome, sources close to Sikkim chief minister Pawan Chamling said Mr Thakur was likely to visit the state and West Bengal in September to discuss the modalities with the chief ministers of the two states.
NEWS
August 12, 2003 |
China's decision to open up border trade with India through the Nathu La pass has sparked off a flurry of activity in Sikkim which hopes to benefit in a big way, once trading with the neighbouring country through the renowned 'Silk Route' picks up. Development of infrastructure at Nathu La to enable smooth flow of goods is engaging the attention of Sikkim chief minister Pawan Chamling. Opening up of border trade would boost the economy of Sikkim and create employment for the people of this sensitive border state, he said in an interview with G Ganapathy Subramaniam and James Mathew.
NEWS
August 6, 2003 |
NEW DELHI: Sikkim plans to set up support infrastructure at a cost of Rs 1,000 crore to facilitate border trade with China through the Nathu La pass. Roads would be widened and strengthened while a number of large warehouses would be built at the border so that trade through the historic silk route ?? grounded since 1982 ?? is revived following the recent agreement between India and China. It is estimated that it will take at least a year before the border route is actually opened up. Sikkim wants the route through Nathu La pass to be opened up for tourists as well as trade, Sikkim chief minister Pawan Chamling said.
NEWS
July 30, 2003 |
NEW DELHI: How about a warm cuppa to beat the high-altitude cold as you cruise towards the Nathu La pass on the Indo-China border? Or a quick stop to make a few calls back home and send an e-mail to the office before you head on to Lhasa? Maybe, you can even browse the Net, while you relish a pizza, to catch up with the latest after that relaxing two-day break at Gangtok. All that and more would be made possible if a recent plan discussed by Reliance Group with Sikkim chief minister Pawan Chamling is implemented to tap the vast potential seen in the historic 'silk route' ?
NEWS
July 30, 2003
IT makes sense Information technology (IT) acquired strategic business importance as a means to create and deliver value to customers. This will continue while innovation continues and companies differentiate themselves via technological innovation faster than their competitors. Time, however, will turn innovation into a way of life and into a basic need, rather than a differentiator ? and also turn the concerned IT tool into a 'commodity', from a 'differentiator'. The challenge lies in ascending the value-chain by innovating IT tools and products.
NEWS
July 28, 2003 |
NEW DELHI: How about a warm cuppa to beat the high-altitude cold as you cruise towards the Nathu La pass on the Indo-China border? Or a quick stop to make a few calls back home and send an e-mail to the office before you head on to Lhasa? Maybe, you can even browse the Net, while you relish a pizza, to catch up with the latest after that relaxing two-day break at Gangtok. All that and more would be made possible if a recent plan discussed by Reliance Group with Sikkim chief minister Pawan Chamling is implemented to tap the vast potential seen in the historic 'silk route' ?
NEWS
July 24, 2003 |
NEW DELHI: Putting up a strong defence of the recent border trade agreement with China, Prime Minister Atal Bihari Vajpayee today suggested that he had extracted concessions from Beijing on Sikkim without offering anything new on Tibet in exchange. Making a suo motu statement on his recent foreign tour to four countries, Mr Vajpayee told the Lok Sabha that the process towards China accepting Sikkim as an integral part of India had begun. He also stood by his contention that there was no change in government's decades old Tibet policy.
NEWS
July 10, 2003 |
Bagdogra airport is a military airbase that's been converted to handling civilian jets. Collect luggage, get a chit from the pre-paid taxi counter, the Omni driver whacks in a Kishore Kumar cassette, sit back and you're off into the breathtaking landscape of north Bengal. It takes four hours to drive unhurriedly from Bagdogra to Gangtok, the capital of Sikkim. The road winds through lush forests at the foothills of the Himalayas. The greenery is awesome: stop, stop, let me take a picture.
NEWS
July 8, 2003 |
NATHU LA: At 14,500 feet above sea level, the slopes are green with new vegetation. Summer has come to Nathu La pass: the sky is grey and it's drizzling. Despite the depressing weather, the Rajput regiment soldiers who man this border checkpost between India and China are upbeat. "We'll be out of here soon," says one, "when trade starts, the BSF, ITBP and Sikkim Police can take over. " The reality's hard. For 6 months, this place is buried under 8 feet-high snowdrifts, temperatures fall to minus 5 degrees Celsius and winds howl at 110 km/hour, strong enough to blow people and vehicles off the mountain.
NEWS
June 29, 2003 |
NEW DELHI: Prime minister Atal Bihari Vajpayee on Saturday briefed an informal meeting of the Cabinet Committee on Security on his just-concluded China visit during which India and China signed the first-ever joint declaration outlining the road map for bolstering bilateral ties. "The meeting was about the China visit", external affairs minister Yashwant Sinha told reporters after the hour-long deliberations but did not elaborate. Vajpayee returned here last night from his six-day visit during which he signed a historic trade protocol opening border trade between the two countries from the Nathu La pass in Sikkim and the Joint Declaration pledging to resolve the vexed border problem speedily.
July 4, 2008 |
GANGTOK: The annual border trade at Nathu La on the Sino-Indian frontier has apparently failed to evoke interest among Indian traders this year as the Centre has not revised the list of export items. The volume of the annual bilateral trade has been poor at about Rs seven lakh in the first five weeks since its opening on May 19, official sources said here. According to the sources, officials are concerned with the apparent lack of interest among Indian traders, who have reported losses on export items currently listed by the Centre.
NEWS
July 21, 2006 |
GANGTOK: The Directorate General of Foreign Trade (DGFT) has exempted traders in the state from the formality of producing the mandatory Import Export Code (IEC) number while trading with China through Nathula. A notification granting exemption to Sikkimese traders from this formality was issued by the DGFT yesterday, Sikkim Chamber of Commerce President S K Sarda said quoting Additional Secretary, Union Ministry of Commerce, Christy Fernandez here today. The exemption would remain effective till further orders, Sarda said.
NEWS
July 5, 2006 |
The Nathu La reopens tomorrow for limited border trading, 44 years after the war with China forced India to close down the strategic pass. The pass, situated 4545 metre above sea level, will take traders from Sikkim to the Tibetan Autonomous Region (TAR) in less than a day. Till now it used to take three days to reach the TAR. Obviously, the business communities, with both immediate and long-term interests in the region, are celebrating. (An estimated $ 20 bn worth of Sino-Indian bilateral trade is expected to be achieved by the end of this year and border trade is estimated to touch $100 million.
NEWS
July 3, 2006 |
GUWAHATI: India will carry out mock trading on Tuesday at Nathu La along the historic Silk Route two days before the Himalayan outpost reopens for trade with China after 44 years, officials said. "The idea of this mock exercise is to ensure that everything goes smoothly according to plans," Karma Gyatso, Sikkim's Industries and Commerce secretary, told media by telephone. India and China last month fixed July 6 as the date to reopen the Nathu La Pass, at an altitude of 15,000 feet (4,545 metre)
NEWS
June 29, 2006 |
NEW DELHI: The Nathu La pass, which will open for border trade between India and China on July 6 after a gap of 44 years, may soon become an alternative to sea route with the government studying the possibility for normal bilateral trade through the land route. "We are examining whether more items can be allowed duty-free from Nathu La or expand it for normal bilateral trade between the two countries, which currently happens through the sea route," Christy Fernandez, Additional Secretary in the Commerce Ministry, told the media.
NEWS
June 27, 2006 |
NEW DELHI: Scotching fears of an increase in poaching following opening of the Nathu La pass for trade with China, government on Tuesday said security forces guarding the trading post will be trained to identify such products. Union Environment Secretary Prodipto Ghosh said the government had taken several steps to check illegal trade of poached goods. He said the Chinese government has also implemented certain laws disallowing display of products made by using endangered animals.
NEWS
June 21, 2006 |
GANGTOK: The much awaited Sino-Indian border trade through Nathula in Sikkim, scheduled to begin on July 6, will initially be a localised and low-key affair. Talking to reporters here after his return from Lhasa via Nathula, Additional Secretary Union Ministry of Commerce Christie Fernandez said in the initial phase, only traders from the border areas of the two countries would participate in the bilateral trade through Nathula. "As per the basic concept of border trade, only commodities produced by the residents of the neighbouring areas of the border will be allowed to be traded free of duty between the two countries," said Fernandez, who had led a six-member delegation of Indian officials to the Tibetan capital recently to assess the Chinese preparedness for trade via Nathula.
NEWS
June 21, 2006 |
BEIJING: The Chinese state media on Wednesday described as "very profound" the reopening of the Nathu La border trade route after 44 years and said it reflects the rapprochement between the two countries. "The warming Sino-Indian relationship has melted snow that has been blocking the only border pass for land trade between the two nations for 44 years," China Daily said in an editorial on Wednesday. "As the two nations celebrate the "Year of Sino-Indian Friendship," the re-opening of the pass is more than a symbolic move, it reflects the rapprochement between the two countries," it commented.
NEWS
June 20, 2006 |
BEIJING: India and China have signed a historic agreement to resume border trade through the strategic Nathu La Pass from July 6 after 44 years of closure, a move that could also signal Beijing's implicit recognition of Sikkim as part of India. The agreement to resume border trade through Nathu La Pass was reached late last night after day-long talks between the official delegations from India and China in Lhasa, capital of Tibet, official sources said. The reopening of the border trade route after 44 years since the the Sino-India war of 1962 will give a major boost to the local economies of the land-locked mountainous regions of the two Asian giants, they said.
NEWS
September 6, 2005 |
GANGTOK: With the formal opening of border trade between India and China through Nathu-la in East Sikkim less than a month away, the Himalayan pass and its vicinity have burst into a flurry of activities. The serenity and solitude of Nathu-la at 14,400 ft have been replaced by the sounds of road-building equipment like bulldozers and rollers pressed into service by the Border Roads Organisation (BRO) to upgrade the road from Gangtok to the border outpost to ensure smooth trading between the two neighbours, beginning after a gap of over 40 years.
NEWS
July 15, 2005 |
NEW DELHI: The Nathu La route will be thrown open to Sino-Indian border trade from September 30 this year. The decision to this effect was taken at an inter-ministerial meeting chaired by Cabinet Secretary BK Chaturvedi. While Serathang in Sikkim will serve as the venue for border trade on the Indian side, the Chinese venue is located at Requinggang in Tibet Autonomous Region. With the date for inauguration of the border trade already set, both the Centre and Sikkim government will be expediting work on the infrastructural facilities required for the border trade.
He was escorting a mule column carrying provisions from his battalion headquarters at Tukla to Deng Chukla, near Nathu-la pass on the Sikkim-Tibet border on October 4, 1968, when he slipped and fell into a fast-flowing stream and drowned. A few days after Sepoy Harbhajan Singh was reported "missing in action", he appeared in a dream of several fellow-soldiers and expressed the desire that a monument be built in his memory. So in deference to his "wishes", the soldiers got together and built a monument.
NEWSNEWS
April 29, 2008 |
GANGTOK: The annual trade of goods at Nathu La will start from May 1, a Sikkim government official said on Tuesday. "We are in the process of verification of the applications of the traders before issuing them passes for participation in the trade at Nathu La," District Collector (East) Vishal Chauhan told the media. A function would be held at Nathu La check post to mark the formal inauguration of the annual trade on May 1 and thereafter, trade between the two countries would commence as per the list of commodities issued by both the governments, he said.
NEWS
July 8, 2007 |
BEIJING: Describing as "uninspiring" the much-hyped reopening of Sino-India border trade via the strategic Nathu La pass during the past one year, the official Chinese media today said India should lift "unilateral restrictions" to facilitate enhanced business links. The border trade through the Himalayan Nathu La Pass between China and India has been "uninspiring" since the historic trade route re-opened just a year ago after 44 years of closure due to border conflict, the state media commented.
NEWS
March 28, 2007 |
NEW DELHI: In a move that has major ramifications for trade with China, which is emerging as the country's largest trade partner, the commerce and industry ministry is planning to open up bilateral trade through Nathu La in a big way. Instead of just border trade, the ministry wants to move a step further and go in for full-fledged exports and imports ? called MFN (most favoured nation) trade ? in global business parlance. In other words, rather than duty-free trade in a small number of items, import and export through Nathu La will now be opened up for all types of goods.
NEWS
November 22, 2006 |
KOLKATA: A trade delegation from Tibet, which arrived in Kolkata on Tuesday, has told local businessmen that it is eager to see a rise in volume of trade between India and China through the Nathu-La pass. Speaking at a meeting, organised by Merchants' Chamber of Commerce, delegation leader S Deji said Tibetan merchants were very interested in seeing trade expand, if more items are added to the list. This, she felt, would benefit West Bengal and Sikkim too. Ms Deji is the commissioner of Shannan, one of the seven provinces in Tibet.
NEWS
November 21, 2006 |
KOLKATA: A trade delegation from Tibet, which arrived in Kolkata on Tuesday has told local businessmen that it is also eager to see a rise in volume of trade between India and China through the Nathu-La pass. Speaking at a meeting, organised by Merchants' Chamber of Commerce on Tuesday, the leader of the delegation Ms S Deji said Tibetan merchants were very interested in seeing trade expand, if more items are added to the existing list. This, she felt, would benefit West Bengal and Sikkim too. Ms Deji is the commissioner of Shannan, one of the seven provinces in Tibet.
NEWS
October 3, 2006 |
NATHU LA: Trade between India and China through this high mountain pass on the Silk Road, which opened after 44 years, closed over the weekend after registering business worth Rs 10.2 crore ($26,100) since July. "Trade between the two countries have closed for this year and would resume from June 1 until September 30 next year," Sikkim's director of industry and commerce Saman Prasad Subba said. As part of the formal closing of trade, at least 60 Sikkimese traders on Thursday crossed over to the Chinese mart at Renqinggang, 17 km from this border checkpost, to attend a function organised by Tibetan traders.
NEWS
July 21, 2006 |
GANGTOK: The Directorate General of Foreign Trade (DGFT) has exempted traders in the state from the formality of producing the mandatory Import Export Code (IEC) number while trading with China through Nathula. A notification granting exemption to Sikkimese traders from this formality was issued by the DGFT yesterday, Sikkim Chamber of Commerce President S K Sarda said quoting Additional Secretary, Union Ministry of Commerce, Christy Fernandez here today. The exemption would remain effective till further orders, Sarda said.
NEWS
July 10, 2006 |
SILIGURI: The Centre would consider changing Sino-India border trade through Nathu La in Sikkim into an open exchange to help northern part of West Bengal get benefits of export and import between the two countries, Union Minister of State for Commerce Jairam Ramesh said on Monday. Addressing a meeting of the Federation of Chamber of Commerce and Industries of North Bengal (FOCIN), Ramesh said to make it an open trade, the West Bengal government officials and members of the chamber would be involved as desired by the state Chief Minister.
NEWS
July 8, 2006 |
Crossing the Pass The economic rationale for the reopening of the Nathu La Pass has, perhaps understandably, receded well into the background. Reopening a border pass that was closed for 44 years was always bound to bring with it a heavy dose of nostalgia, particularly when the pass was so central to the Old Silk Route. The more hard-nosed too would prefer to focus on what this does for the rebuilding of political relations between India and China. Yet it is important not to miss the fact that the reopening of the pass is not about India and China alone.
November 3, 2009 |
KOLKATA: Early this year, when Mumbai-based pharma major Unichem Laboratories was planning to expand its capacity, it was in a fix. The company's existing plants at Goa, Ghaziabad and Baddi were already running at full capacity and acquiring additional land in these places would have meant a pretty high investment. At that point of time, the company started to evaluate Sikkim as another potential destination. Bingo! It took very little effort and time for Unichem to decide on its next manufacturing hub. It was Sikkim.
NEWS
March 26, 2009 |
GANGTOK: High-powered teams from DoT, BSNL and the vigilance department will meet here on March 27 to discuss mobile services in areas bordering China, Bhutan, Nepal & Bangladesh and its impact on the country's security. The meeting assumes significance after repeated terrorist strikes on the country, where militants bought different SIM cards & used the computer network under fake names. In Nathu La, the Bangladesh mobile network is believed to be stronger than BSNL's.
June 27, 2006 |
NEW DELHI: Scotching fears of an increase in poaching following opening of the Nathu La pass for trade with China, government on Tuesday said security forces guarding the trading post will be trained to identify such products. Union Environment Secretary Prodipto Ghosh said the government had taken several steps to check illegal trade of poached goods. He said the Chinese government has also implemented certain laws disallowing display of products made by using...
Nathu La Articles By Date
NEWS
May 11, 2012 |
SILUGURI : It is time for the beginning of summertime Sino-Indian trade through Nathula pass. Despite lot of initial buzz, the trade route through Sikkim's Gangtok to Nathula could not meet the expectation in last 9 years since the Sino- Indian agreement on this. Now revival of the older Sino-Indian trade conduit, Jelep-La, through Kalimpong in West Bengal- is on the line that can meet the expectation. A proposal on this has been filed...
September 6, 2005 |
GANGTOK: With the formal opening of border trade between India and China through Nathu-la in East Sikkim less than a month away, the Himalayan pass and its vicinity have burst into a flurry of activities. The serenity and solitude of Nathu-la at 14,400 ft have been replaced by the sounds of road-building equipment like bulldozers and rollers pressed into service by the Border Roads Organisation (BRO) to upgrade the road from Gangtok to the border outpost to ensure smooth trading between...
NEWS
July 15, 2005 |
NEW DELHI: The Nathu La route will be thrown open to Sino-Indian border trade from September 30 this year. The decision to this effect was taken at an inter-ministerial meeting chaired by Cabinet Secretary BK Chaturvedi. While Serathang in Sikkim will serve as the venue for border trade on the Indian side, the Chinese venue is located at Requinggang in Tibet Autonomous Region. With the date for inauguration of the border trade already set, both the Centre and Sikkim...
NEWS
March 25, 2009 |
GANGTOK: An alternative double-lane highway via Chalsa in West Bengal to Menla, near Nathu La, has been approved by the Centre. The cost of construction for the 176-km stretch will be around Rs 400 crore. The West Bengal forest department has been asked to give clearance soon so that the project starts in 2009-10 and ends by 2011-12. The road is very important for defence movement up to the Indo-China border. It will also benefit the full-fledged Indo-China border...
NEWS
September 2, 2008 |
GANGTOK : The state-owned Bharat Sanchar Nigam Ltd has provided telephone connectivity to sparsely populated Gnathang village of East Sikkim, located at an altitude of 14,000 feet close to the Sino-India border at Nathu La, a senior official said. The Gnathang village has been provided with Village Public Telephone (VPT) connectivity and STD/PCOs recently after years of herculian efforts put in by the team of engineers and staff of...
NEWS
August 18, 2003 |
SILIGURI: The first steps towards proper infrastructure development planning for an early start to Sino-Indian border trade through Nathu La were taken when top officials of 12 central ministries met in Delhi on August 13 to discuss the various issues involved. The meeting was convened by CP Thakur, Union minister for small scale industries and development, North-Eastern region. Referring to the outcome, sources close to Sikkim chief minister Pawan Chamling said Mr Thakur was likely...
NEWS
May 1, 2008 |
GANGTOK: The annual Sino-India border trade at Nathu La, which was to be reopened for the traders of the two countries today, has been postponed following the Union Commerce ministry's communique to the Sikkim government authorities, official sources said here. We have received a fax message from the Union Commerce ministry late last evening informing about the postponement of the re-opening of the border trade at Nathu La, the District Collector (East) Vishal...
NEWS
March 28, 2007 |
NEW DELHI: In a move that has major ramifications for trade with China, which is emerging as the country's largest trade partner, the commerce and industry ministry is planning to open up bilateral trade through Nathu La in a big way. Instead of just border trade, the ministry wants to move a step further and go in for full-fledged exports and imports ? called MFN (most favoured nation) trade ? in global business parlance. In other words, rather than duty-free trade in a...
NEWS
November 21, 2006 |
KOLKATA: A trade delegation from Tibet, which arrived in Kolkata on Tuesday has told local businessmen that it is also eager to see a rise in volume of trade between India and China through the Nathu-La pass. Speaking at a meeting, organised by Merchants' Chamber of Commerce on Tuesday, the leader of the delegation Ms S Deji said Tibetan merchants were very interested in seeing trade expand, if more items are added to the existing list. This, she felt,...
NEWS
June 29, 2006 |
NEW DELHI: The Nathu La pass, which will open for border trade between India and China on July 6 after a gap of 44 years, may soon become an alternative to sea route with the government studying the possibility for normal bilateral trade through the land route. "We are examining whether more items can be allowed duty-free from Nathu La or expand it for normal bilateral trade between the two countries, which currently happens through the sea route," Christy Fernandez,...
NEWS
July 27, 2008 |
SHERATHANG: Guo Ting stands patiently in the drizzling rain hoping to sell her wares, about half a dozen blankets wrapped in plastic, but only a few shoppers show up and nobody is buying. "Business is not good as the market is too small," says Guo as she waits for custom at the Sherathang mart, about five kilometres (three miles) from the ancient Nathu La border crossing between India and China. When the two Asian giants opened the...
NEWS
July 4, 2008 |
GANGTOK: The annual border trade at Nathu La on the Sino-Indian frontier has apparently failed to evoke interest among Indian traders this year as the Centre has not revised the list of export items. The volume of the annual bilateral trade has been poor at about Rs seven lakh in the first five weeks since its opening on May 19, official sources said here. According to the sources, officials are concerned with the apparent lack of interest...
NEWS
May 30, 2008 |
NEW DELHI: Trading activity on the historic Nathula Pass situated 14,400 ft above sea level in the Himalayan region has started threatening the fragile ecology of the region. A team of the Central Pollution Control Board (CPCB), which visited the fabled Silk Route in 2007, a year after it was reopened for cross border trade between China and India, found that expansion of the trade route was disturbing the ecosystem of the area. "Reopened with an aim to boost...
NEWS
May 28, 2008 |
GANGTOK: Claiming that the historic border trade at Nathu la has become a 'non-profitable' business for the Indian traders, a traders' body - the Indo-China Traders Association of Sikkim (ICTAS) has urged the Centre to expand the existing list of of items so that the annual trade could become a viable and profitable business. The Centre should urgently review the list of items to be exported by the Indian traders through Renqinggang mart in the Tibetan Autonomous...
NEWS
May 9, 2008 |
GANGTOK: Telecom major Bharat Sanchar Nigam Ltd (BSNL) would expand its connectivity, including internet facility, broadband and mobile services, to a number of rural townships in Sikkim in 2008-09. "It has been decided to provide WLL services with high speed internet facilities to Mangan, Namchi, Naya Bazar and Geyzing, while broadband would be extended to Chungthang, Pelling, Sombaria, Soreng, covering the remote regions in all four districts of the Himalayan...
NEWS
June 21, 2006 |
BEIJING: The Chinese state media on Wednesday described as "very profound" the reopening of the Nathu La border trade route after 44 years and said it reflects the rapprochement between the two countries. "The warming Sino-Indian relationship has melted snow that has been blocking the only border pass for land trade between the two nations for 44 years," China Daily said in an editorial on Wednesday. "As the two nations celebrate the "Year of Sino-Indian Friendship," the...
NEWS
May 4, 2008 |
Picture a city at the edge of four international borders, two inter-state borders and three inter-district borders. If you haven't guessed already, it's Siliguri we're talking about. This one-time sleepy north Bengal town on the Himlayan foothills is rapidly emerging as a regional trading hub. And a prime indicator has been the spurt in construction activity, especially in the housing space. Small wonder then, leading lights such as the Ambuja Realty Group, Bengal Unitech and...
EWS
July 7, 2006 |
NATHU LA (SIKKIM): China on Thursday said that the reopening of the fabled Silk Road along the Himalayas for border trade with India would help in improving both business and political ties between the two Asian neighbours. India and China began formal trading at the 14,400-feet-high Nathu La Pass on the border between Sikkim and China's Tibet region on Thursday. "The reopening of the Silk Road for border trade is not just symbolic, we mean business. Today the border is opened for trade and very soon we could have tourists visiting the two countries through this pass," says Sun Yuxi, China's ambassador to India.
NEWS
April 19, 2007 |
In the era of free markets and integration of economies, is Pakistan justified in stopping Finnish mobile handset maker, Nokia from selling phones made at its plant in Sriperambadur, India? Only yesterday, Pakistan has dissociated itself from being party to South Asia Free Trade Area (Safta) citing its interest in Kashmir will be adversely impacted. These gestures would not only impact trade and economic relations between the two countries, but would also adversely affect the confidence building measures initiated painstakingly by Islamabad and New Delhi.
NEWS
March 6, 2007 |
BEIJING: The resumption of border trade between China and India has contributed to Tibet's economic development, says a senior official. Along with the Qinghai-Tibet railway link that opened in July 2006, the border trade at the Nathu La Pass between Tibet and India's Sikkim state has played a major role in the region's economic progress, said Qiangba Puncog, chairman of the Tibet Autonomous Region. He did not elaborate. Tibet's GDP for 2006 was 29.03 billion yuan ($3.7 billion)
NEWS
July 22, 2006 |
NATHU LA: The much hyped border trade between India and China through the famed Silk Road is caught in a bureaucratic red tape two weeks after the Nathu La Pass reopened. Indian customs officials denied traders from Sikkim permission to take goods to the Chinese trade mart at Renqinggang, about 10 km from Nathu La. "There are problems already with Indian customs officials not allowing our traders to do business on technical grounds saying we do not have the Import-Export Code (IEC)
NEWS
February 21, 2011 |
MUMBAI: After SBI and ICICI Bank , private sector lender Axis Bank today launched a zero balance salary account exclusively for Indian Army personnel. The announcement from Axis, the third-largest lender, comes close on the heels of similar tie-up forged by the two largest lenders eyeing the benefits of upping the share of the cheaper CASA (Current and Savings Account) deposits in total pie. A memorandum of understanding was signed between the two entities today for starting the special account christened "Power Salute" salary account, a release issued here by the bank said.
NEWS
January 13, 2007 |
MUMBAI: For logistics companies in India, 2006 was a China mission. Number of players, irrespective of their market segments, were sighted scouting for partners across the border. So, while trade between both the nations has increased, tie-ups between logistics service providers have also been catching up. India has emerged as the largest trading partner for China in South East Asia, accounting for $18 billion in 2006, an 82.7% increase, compared with last year. The Chinese logistics industry is expected to grow to $167 billion by 2010, and all Indian logistic players are angling for a slice of this pie. Gati is the most recent company to have crossed the borders and has tied up with the China Railway Express International Logistics (CREIL)
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