Indian traders suffer loss during rains at ICP Attari

Image
Press Trust of India Amritsar
Last Updated : Jul 21 2013 | 7:10 PM IST
Indian importers have suffered huge loss due to heavy rains as large quantity of gypsum imported from Pakistan have been damaged during the current monsoon.
A team of Confederation of International Chambers of Commerce and Industry (CICCI) today visited ICP Attari and found truck loads of gypsum from Pakistan were being unloaded in waterlogged areas by the Central Warehousing Corporation (CWC), which is the land port's custodian.
The Chamber had faced similar situation last month and brought the rain menace to the notice of CWC and Land Port Authority of India (LPAI) and requested them to construct a platform or mark paved area for unloading of gypsum, said trader Rajdeep Uppal.
Senior member of CICCI, Iqbal Singh Bedi put the estimated loss to gypsum trade to about Rs 2.50 crore during the current monsoon.
CICCI has blamed the port authorities for lapses and urged them to compensate the loss.
Gypsum imported from Pakistan has great demand in India as it is the main ingredient in cement manufacturing and also used in manufacturing paints.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 21 2013 | 7:10 PM IST

Next Story