Print Edition - 2015-05-17 | MONEY
Imports through Biratnagar customs down 50 percent
May 16, 2015-
Imports through the Biratnagar customs have decreased by more than 50 percent.
Imports of items like industrial raw materials, business items and petroleum, among others, have dropped after the April 25 Great Earthquake. Due to a significant drop in demand, industries along the Sunshari-Morang Industrial corridor have reduced industrial production.
“The imports have gone down by almost 70 percent,” Rajendra Dhungana, officer at the Biratnagar Customs Office said.
The office used to collect Rs 55 million revenues on an average daily. After the quake, the amount has dropped to Rs 20 million.
Dhungana said one of the main reasons behind the downfall in imports is Indian vehicle drivers’ reluctance to enter Nepal fearing the quake. Though there is some movement in Biratnagar, markets in Kathmandu are not opening fully which resulted in reduced imports.
Rajendra Raut, senior vice president of Morang Merchant Association, said imports and production have dropped due to the decrease in consumption in markets including Kathmandu. “Until the consumption resumes to normal, the situation will remain the same,” he said.
Industries along the corridor have cut production by over 50 percent.
Industries Association President Shiva Shankar Agrawal told the Post the industries have not received payments for goods that were dispatched before the quake. Workers too are reluctant to come back to work.
Published: 17-05-2015 08:45