Chairman of Administrative Office of Nan Phar Lone market in Tamu, Pho Thar, told Mizzima that the main market of Tamu, Sagaing Region on the Indo-Myanmar border had to be closed after all the border gates along the Indo-Myanmar border had been closed by India.
He said that they had to close this main market of Tamu to avoid unnecessary losses and other problems since there would be no trading and business in this market after the border gates were closed.
Tamu, Nan Phar Lone market administrative office chairman Pho Thar said, “India closed all border gates from their side and then Myanmar had to close their border gates too for an indefinite period. So we have to close this main market as there will be no trading and business transactions in it. We have already done all protection work in this market.”
The market authorities allow all shop owners to take back their commodities and merchandise not later than March 13 and then the security teams will be deployed at all gates of the market to impose restriction on all entries and exits from the market.
It is learned that market authorities and some shop owners have different opinions on closure of the Nan Phar Lone market.
Local resident and garment seller at this market, T Liu Lan, said, “The shop owners want to visit their shops after 2-3 days for continuing their businesses but they ordered us to close our shops and take back our commodities. We want to continue our trading business no matter what the sale volume and value are.”
Nan Phar Lone market is the main market of Tamu town on Indo-Myanmar border. It is learned from Nan Phar Lone administrative office that the market will suffer average daily revenue loss of 500 million kyats from the closure of market and border gates.
Nan Phar Lone market has the area of about 3 acres and it has over 1,200 shops in 28 stalls.