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ECONOMY

Over 1,000 brand new vehicles stuck in Birgunj checkpoint

KATHMANDU, Sept 20: Over 1,000 brand-new big and small vehicles entering Nepal from neighboring India and third countries for sale have been stuck midway at Birgunj point. The vehicles being transported worth minimum Rs 2 million to maximum Rs 10 million each include 572 jeeps, cars and vans, 1,146 buses, trucks, tippers and mini-trucks.
By Republica

KATHMANDU, Sept 20: Over 1,000 brand-new big and small vehicles entering Nepal from neighboring India and third countries for sale have been stuck midway at Birgunj point. The vehicles being transported worth minimum Rs 2 million to maximum Rs 10 million each include 572 jeeps, cars and vans, 1,146 buses, trucks, tippers and mini-trucks. 


According to Kamal Gyawali, Chief of the Birgunj Integrated Check Post, these vehicles have been parked in the premises of the check post for the past seven months. 


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The sale of vehicles has decreased after banks and financial institutions have tightened loan issuance to purchase vehicles, both small and big. As a result, the vehicles have been stuck midway, said Gopal Acharya, Chief of the Sipradi Trading Pvt. Ltd. in Birgunj. 


 

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