Nepal will increase its trade via VPT: Regmi
Nepal’s Charge D’ Affaires to India has reiterated Nepal’s commitment to increase its trade via the Visakhapatnam Port Trust in the near future.
Speaking to Vizag Industrial Scan Nepal’s Charge D’ Affaires Mr Bharat Kumar Regmi said ‘In 2-3 years’ time a large part of our trade will take place through VPT’.
This is of huge significance for the port and trade here as most of Nepal’s containers are routed through the Haldia port in Kolkata.
One major reason for Nepal giving importance to VPT is because of some of the best practices followed here. The Customs Department’s digital drive and its emphasis on building trust with Nepali importers is one of the key driving forces for this.
The Vizag Customs Department led by its Commissioner Dr DK Srinivas had recently launched the ECTS (Electronic cargo tracking system) wherein each container is sealed with an electronic lock. This has drastically reduced the cost of Nepali importers and also the transhipment time.
This lock has the capacity to relay signals of its position throughout the entire journey of the container while also providing timely information about any tampering.
‘The ECTS launched by the Vizag Customs Department on pilot basis has been really helpful for our importers’ said the minister in charge.
He went on to say that Nepal is also considering to utilize the Visakhapatnam port for handling its bulk cargo needs going forward.
India is a very important partner of ours and is our largest trading partner said Mr Regmi.
In an earlier meeting with the Vizag Customs Department they briefed the Nepalese Charge D’ Affaires on certain parameters which could further ease trade between the two. Mr Regmi promised all help to ease the flow of goods between VPT and the trade gateway of Nepal -Birgunj.
‘We seek to achieve a trust and cooperation based trade with the Nepalese importers. This is part of our government’s ease of doing business strategy and further simplifying the trading across borders parameter’ said Dr DK Srinivas speaking to Vizag Industrial Scan.