SRINAGAR, Oct 4:
The State Government has requested the Centre to include 98 items to the export list and five items to import list for cross-Line of Control (LoC) trade in the State.
“The State has been requesting Government of India to include 98 more items in the export list and five in the import list,” Industries and Commerce Minister S S Slathia said in written reply to a question in the Assembly.
As of now, only 21 products of permissible items included in the standard operating procedure for cross-LoC trade are being traded by traders from India and Pakistan on barter basis, he said.
The Minister said a model has been proposed by the Department of Financial Services, Government of India, for establishing of banking mechanism for the cross-LoC trade.
“The matter has been taken up by the Government of India with the Government of Pakistan,” he added.
He said the volume of trade has increased from nearly Rs 100 crore in the first year of inception in 2008-09 to over Rs 460 crore up to end of August this financial year.
The Minister said the number of trading days have been enhanced from two days per week to four days a week.
Additional manpower has been provided at the trade facilitation centres at Salamabad on Srinagar-Muzaffarabad route and Chakkan-Da-Bagh on Poonch-Rawalakote route for manning the day to day affairs of these centres, Slathia said.
He said Rs 16.90 crore is being spent for creating permanent infrastructure facilities at the trade facilitation centres which includes waiting area and terminals. (PTI)
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