23 October
Myanmar-India border market Nanphalon in Tamu Township, Sagaing Region, is crowded with buyers as the Hindu festival of Deepavali is approaching, according to traders at the market.
Thanks to the Indian festival, food and beverages, apparel, electrical appliances, household goods, and fruits such as coconuts, apples, and oranges are selling well at the Nanphalon market, said traders.
“Normally, the market sees the highest trade during festivals and in the open season. The Indian rupee is primarily used for trading at the Nanphalon market,” said merchants.
“The religious festival is being celebrated in Moreh town in Manipur State of India. The Nanphalon market is seeing good trade with visitors flocking to the border market. The exchange rate of the Kyat against the rupee is pegged at K20. Merchants across the country are supplying goods to the Nanphalon market. The market is alive with buyers and sellers,” said a vendor.
As the India-Myanmar border is open for visitors, the Nanphalon market is busy with traders every day. It is also the biggest market on the Myanmar-India border as people from seven states of India come to purchase goods at the market.
Myanmar-India border trade is carried out through the Tamu and Reed gates. Myanmar exports agro products, forest products, and fishery products, while it imports pharmaceuticals, electrical appliances, automobiles and auto parts, motorcycles and spare parts, and consumer products from the neighboring country.
Chindwinthar
(Translated by Ei Myat Mon)
