Indias fears of SL travel advisory affecting trade
Tamil Guardian 05 September 2012
Indian business people fear that the Sri Lankan government's travel advisory warning to its citizens against travelling to Tamil Nadu will impact advsersely on trade.
Speaking to the Times of India, the President of the India-ASEAN Sri Lankan Chamber of Commerce and Industry, C S Muthu Subramaniyan, said,
"Numerous Lankans shop in T Nagar for their wedding purchases. I know each Lankan boarding the plane back to Colombo carries 40 sarees each. The margins are nearly 100% for these sarees. These guys may get impacted," trade sources said."Businesses of small traders and unorganized traders could be affected as they might not be able to ship directly to Chennai and would have to route it through Mumbai or such other locations."
Somi Hazari, the managing director of a Chennai based company - Shosova group that exports and imports cooking oils and food items - added,
"South Indians, particularly farmers and sugar companies from Tamil Nadu will be affected."
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