Thursday, Apr 25 2024 | Time 17:22 Hrs(IST)
image
Business EconomyPosted at: Nov 3 2021 8:02PM


India-Bhutan to have 7 additional entry/exit points for trade

New Delhi, Nov 3 (UNI) A Commerce Secretary level meeting held between India and Bhutan on trade and transit issues on Wednesday decided operationalize seven additional entry/exit points for trade between the two countries.
This will form an addendum to the Protocol of 2016 India-Bhutan agreement on trade, commerce and transit and facilitate India-Bhutan bilateral trade for mutual advantage. Trade between India and Bhutan has more than doubled from USD 484 million in 2014-15 to USD 1083 million in 2020-21.

Extensive discussions were held on the current trade and transit issues by the Indian delegation which was led by BVR Subrahmanyam, Secretary, Ministry of Commerce and Industry and the Bhutanese delegation led by Dasho Karma Tshering, Secretary, Ministry of Economic Affairs, Government of Bhutan. The parleys included measures to further strengthen bilateral trade relations and issues of mutual interest and on ways to increase trade connectivity between the two countries.
Seven additional entry/exit points for trade between India and Bhutan were formalised through Letters of Exchange (LOE) which are the Nagarkata land customs station without commodity restriction, Agartala land customs station as an entry/exit point and Pandu port (Guwahati steamer ghat) as an entry /exit point, subject to cross border control at Dhubri. The Jogighopa port as an entry/exit point would be subject to cross border control at Dhubri, while the Asian Highway 48 connecting Torsha tea garden in India and Ahllay in Bhutan will serve as an additional route corresponding to the land custom station at Jaigaon. The others are the Kamardwisa entry/exit point and Birpara entry/exit point.
UNI NMJ RKM 2001
Please log in to get detailed story.
Tags: #India-Bhutan to have 7 additional entry/exit points for trade
More News

Rupee ends flat at 83 32 against USD

25 Apr 2024 | 4:50 PM

Mumbai, April 25 (UNI) The rupee on Thursday ended steady at 83.32 against the USD on selling US dollars by bankers and exporters, dealers at the foreign exchange said.

see more..

Shree Cement joins RE100

25 Apr 2024 | 4:32 PM

Mumbai, Apr 25 (UNI) Shree Cement, one of India's largest cement producers with an installed capacity of over 56 MTPA, has announced its membership in the esteemed RE100 initiative, a global initiative led by Climate Group, advocating for businesses to convert to 100 per cent renewable electricity for all their operations.

see more..

Vedanta net down 27 pc in Q4

25 Apr 2024 | 4:26 PM

Mumbai, Apr 25 (UNI) Indian mining company Vedanta, with its operations in iron ore, aluminium, zinc, oil and gas, on Thursday reported 27 per cent dip in net profit at Rs 2,273 crore for the fourth quarter (January-March) of FY 24 from Rs 3,132 crore in same period a year ago.

see more..

India’s John Distilleries ‘Nirvana’ wins at London Spirits Competition

25 Apr 2024 | 3:25 PM

New Delhi, April 25 (UNI) John Distilleries Ltd’s Paul John single malt whiskey ‘Nirvana’ has been awarded a “Gold” medal in the prestigious London Spirits Competition 2024. JDL’s two other offerings, Roulette London Dry Gin and Paul John XO Brandy, have also won ‘Silver’ medals. JDL is the only Indian company to have been awarded in three different categories: whiskey, gin, and brandy.

see more..
Dr Reddy’s Lab and Nestlé India enter into definitive agreement to form JV company

Dr Reddy’s Lab and Nestlé India enter into definitive agreement to form JV company

25 Apr 2024 | 2:40 PM

Hyderabad, April 25 (UNI) Dr. Reddy’s Laboratories and Nestlé India have entered into a definitive agreement to form a joint venture company to bring innovative nutraceutical brands to consumers in India and other agreed territories.

see more..
image