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  • India Nepal Trade Archives - Nepali Sansar https://www.nepalisansar.com/tag/india-nepal-trade/ A Site for Global Nepali Community Thu, 14 Feb 2019 04:10:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 https://www.nepalisansar.com/wp-content/uploads/2020/04/fav.png India Nepal Trade Archives - Nepali Sansar https://www.nepalisansar.com/tag/india-nepal-trade/ 32 32 Nepal Successfully Tests New ‘Electronic Cargo Tracking System’ https://www.nepalisansar.com/technology/nepal-successfully-tests-new-electronic-cargo-tracking-system/ Thu, 14 Feb 2019 03:15:45 +0000 https://www.nepalisansar.com/?p=16902 Now, the transshipment time for Nepali goods being imported from India is just two weeks, unlike

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    Now, the transshipment time for Nepali goods being imported from India is just two weeks, unlike two-three months earlier.

    This comes as good news for Nepal trade promotion!

    As per the latest reports, Nepal has successfully tested its long-awaited Electronic Cargo Tracking System (ECTS) of goods transshipped from India’s Visakhapatnam Port to Birgunj in Nepal!

    Now, the port will start ferrying Nepal-bound goods formally from February 15, 2019.

    As a result of the GPS-based tracking tool installed last summer, the turnaround time that transshipment incurred by Nepali importers has come down to two weeks from the current two-three months, thus saving time and resources for Nepali traders.

    Besides, the new system has also addressed the tampering concerns as the containers will be sealed electronically.

    The new development has its roots in June 2017, the period when Nepal and India signed a memorandum to have a tracking system in place to facilitate cargo movement between the two countries, by road and rail from Kolkata to four major customs points of Nepal.

    This includes Kolkata-Bhairahawa via Sunauli, Kolkata-Birgunj via Raxaul, Kolkata-Biratnagar via Jogbani and Kolkata-Sirsiya inland container depot via Raxaul.

    According to Director of the Department of Commerce, Supply and Consumer Protection Purusottam Subedi, the goods that arrive in Nepal through Visakhapatnam Port will now be handed over to the rightful owner through the automatic system without the need for paper procedures.

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    Bridge Collapse Concerns Nepal’s Trade via Indian Port https://www.nepalisansar.com/news/bridge-collapse-concerns-nepals-trade-via-indian-port/ https://www.nepalisansar.com/news/bridge-collapse-concerns-nepals-trade-via-indian-port/#respond Thu, 06 Sep 2018 11:30:24 +0000 https://www.nepalisansar.com/?p=10790 In an update concerning Indo-Nepal trade, India’s Majerhat bridge in Kolkata collapsed on September 06, 2018,

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    In an update concerning Indo-Nepal trade, India’s Majerhat bridge in Kolkata collapsed on September 06, 2018, causing a concern for the movement of Nepali goods through the Kolkata Port.

    The news comes as a serious concern for Nepal as the country’s imports through sea route majorly happens via the Kolkata Port.

    “We are worried. Almost all of Nepal’s imports are routed through this port. The collapse of the bridge is definitely going to impact movement of goods,” stated Eaknarayan Aryal, Consul General of Nepal in Kolkata.

    Post his visit to the site, Aryal said the chairman and traffic manager of the port are holding meetings on ways to minimise the impact to the trade traffic.

    The collapse of the bridge is leading to the closure of trade traffic for a long period via the Diamond Harbor Road, the route that hosts the Majerhat bridge.

    Another key part associated with the bridge is the Kolkata Dock Complex, which witnesses nearly 1,300 trucks for entry and exit per day.

    Speaking in detail about the situation, the Kolkata Port Trust (KoPT) official says that the collapse will have impact on the movement of goods.

    “KoPT has dealt with 80,000 containers only for Nepal in 2017-18. This is supposed to go up to 1 lakh this year. There may be some problem in the movement of traffic. However, we are working with the police and local administration to find alternative routes,” says KoPT Spokesperson.

    While KoPT is the nearest port for Nepal helping the country in import of goods such as cars, electronic items, general items of routine use, most of the goods are also traded through Bihar and cross the Nepali border at Birgunj.

    Vegetables, handicrafts and forest produce are some of the Nepali imports via the Kolkata Port.

    While the Spokesperson also clarifies that the trade between Kolkata and Nepal also has rail connectivity as an alternative route.

    “Much of our cargo to Nepal goes through the rail route. On an average, we send a train load of goods to Nepal every day. Fortunately, any part of the bridge did not fall on the rail tracks and rail services are running now normally,” says the Spokesperson.

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