Cross LOC Trade Earns 25 Thousand Crores Since 2008

Cross LOC Trade Earns 25 Thousand Crores Since 2008

14 January 2014
Kashmir Watch
Umar Manzoor Shah

Srinagar: Since August 21, 2008 when the cross LOC trade was started as a Confidence Building Measure (CBM) across the divided line in Kashmir, goods worth 25 thousand crores have been exchanged from the both sides. The reports received by KNS stated that during 564 days of cross LOC, more than 27 lakh, 84 thousand, eight hundred and eighty five quintals of goods were imported and exported which include handicrafts, spices, vegetables and dry fruits. The details further informed that more than Rs. 2, 26, 66,035 was given to the laborers while as more than 37 thousand drivers exchanged the goods. The truck industry here got the earned 76 thousand crores since the trade between the divided line started. The reports stated further traders as VAT paid more than 20 thousand crores to the state government. The general secretary of Salamabad- Chakooti trade union Hilal Turkey told KNS that when the cross LOC started, more than six hundred traders of the state got involved in it but due to the non- availability of communication facilities, banking and cold storage, the number of traders as on date became mere 80. “We want that the cross LOC traders be given the special permit and the facility of banking and cold storage. We also demand that a trade fair after three or six months be conducted here so that the trade could scan new heights.”