The direct impact of the recent movement in Nepal was seen on the textile and Lathi market in the Muzaffarpur district Bihar. Traders in the business of textiles, rice, wheat, hardware, maize and lathi to be sent to Nepal are estimated that there are about 150 to 200 crores loss. According to traders, regular trade was affected due to excitement and road blocking in Nepal. Especially during the festive season, due to a lack of traders from Nepal, there was a slowdown in the Muzaffarpur markets. Representatives of the local trade union said that this time is the most important time of the year for them, but that the current situation has severely affected the trade. Textile trader Rajesh Kumar said: “Most of our materials are sent to Nepal. Our sales have stopped due to traffic disrupted over the past few weeks. Despite the festive season, the market has been numbered and there is a loss to millions.” At the same time, Lathi and hardware traders are also concerned about this recession and have called on the administration to take measures to smooth the trade with Nepal. Local market committees also assessed this loss, saying that if the situation in Nepal is not quickly normal, this trade can still have a serious impact. Traders say that not only production and sales, but also on employment, also have a negative impact. Experts believe that trade with Nepal of Muzaffarpur and adjacent districts has long been stable. Therefore, any obstruction or obstruction has a serious influence on the local economy. Traders demand that the central and state governments take steps to make business facilities safe and smooth along the border with Nepal. Meanwhile, the local administration has also understood the concerns of the dealers and said efforts will be made to resume traffic and business activities as soon as the situation in Nepal becomes normal. Merchants in Muzaffarpur markets now hope that there may be stability in Nepal soon and that their business can get the same pace. He also said that the recovery of trade in the markets is very important to him on the occasion of festivals. Share this story -tags
Impact of agitation in Nepal on Muzaffarpur markets, traders’ loss of crores
