The border markets would be opened at Kasba in Sipahijala and Srinagar in South Tripura districts for trading by local producers living within five km of the border of the two countries.
Construction work for the Srinagar border market began on Sunday last in the presence of officials of South Tripura district and Feni district of Bangladesh. The market is likely to be completed within the next three months.
The border markets will be allowed to sell among others local agricultural and horticultural products, spices, minor forest products (excluding timber), fresh and dry fish, dairy and poultry products, cottage industry items, wooden furniture and handloom and handicraft items, a government official of the state Industries and Commerce department said.
Temporary identity cards will be issued by border security personnel of both sides to enter the market. No tax would be imposed on traders and both Indian and Bangladeshi currencies will be accepted.
In future, two more markets will be set up at Dharmanagar in North Tripura district and Kamalpur in Dhalai district as agreed by the two countries, Tripura's Commerce Minister Jitendra Chaudhury said.
If infrastructure is upgraded, the volume of trade between Bangladesh and north eastern states of India will increase five to six times of the current level, President of Tripura Chamber of Commerce M L Debnath said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
