Iron, steel lead country’s exports to Bhutan
Iron and steel products have become the country´s largest exports to Bhutan over the past two years, thanks to massive electrification drive in Bhutan and subsequent rise in demand for electricity poles from Nepal.
A consortium of Hulas Steel, Bhagawati Steel and Mainabati Steel that was selected through a global tender supplied around 98,000 units of Swaged Tubular Poles and Telescopic Poles worth $13 million (Rs 910 million) to the Dragon Kingdom during the period.
“Exports of iron products from Nepal surged heavily during the period. The consortium mainly supplied electricity transmission poles and fitting accessories to Bhutan Power Corporation for a project assisted by the Asian Development Bank and Japan International Cooperation Agency (JICA) in Bhutan,” T C Gupta, managing director of Mainabati Steels, told Republica on Tuesday.