The city has been exporting goods worth over Rs1 billion every year through Middle Eastern countries to Pakistan, TNN news agency reported on Tuesday.
Pakistan’s decision is an attempt to normalise trade relations between the two countries. As commerce secretaries of India and Pakistan were meeting in New Delhi to work out a policy, leading Indian industrialists keep their fingers crossed, hoping that their business will get a boost.
Auto Parts Manufacturers Association President and Chamber of Industrial and Commercial Undertakings Vice-President Gurpargat Singh Kahlon said auto parts, tractor parts and tools worth over Rs1 billion were exported from Indian Punjab through Dubai to Pakistan.
Ranjodh Singh, Managing Director of GS Group of Companies, which exports radiators, earthmovers, generator sets, tractors and cranes, said, “This decision will increase Indian exports by almost four times the present trade.
“Leave aside export through Dubai, if Pakistan removes curbs, exports from Ludhiana to Lahore would be cheaper than routing it through Delhi as Delhi is 325 km away while Lahore is merely 180 km from Ludhiana. We are eagerly waiting for results of the meeting in Delhi.’’
Published in The Express Tribune, November 16th, 2011.
COMMENTS (2)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
@proud Baloch: Dude, we have opened flood gate to china to come and freely capture our market by signing a Free Trade Agreement, one of the most ridiculous idea against the worlds largest manufacture of cheap quality goods. Our small and medium industries are wiped out by chinese junk. Where is the check and balance?
Just make sure there is a made in India tag on each good so i can differentiate between a made in Pakistan good and a made in India good. Sorry folks! no offense intended. I just want local industries to succeed.