Importers holding back orders to China after Galwan clash

June 17, 2020 16:25

Kolkata-based importers have started holding back their orders to China after the death of Indian Army personnel in a fierce clash with the People's Liberation Army in Galwan valley of eastern Ladakh. A large range of consumer products from toys to lights and industrial items are imported from China, president of Calcutta Customs House Agents Association, Sujit Chakrabarty said.

"The combined trade with China is already down by 30 to 40 per cent due to the lockdown related disruptions. With this (Galwan valley clash) development, importers are holding back their new order placement. "Exporters are also expressing concerns," he told PTI.

The Chairman of Engineering Export Promotion Council, Ravi Sehgal, said there could be a temporary hit in engineering goods export to China as exporters and importers normally do not mix politics with business. "Exporters might be a bit cautious but unless there are payment concerns, exports will stay normal in the midterm," he said.

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