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Nepal Charge d'Affaires invites Indian investors to invest in Nepal

May 04, 2018

HYDERABAD, 4 May 2018: The Embassy of Nepal, New Delhi in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI) organized a seminar on "Tourism, Trade and Investment Opportunities in Nepal" today in Hyderabad.

 

The seminar brought together the prospective Indian investors as well as senior officials from the Embassy of Nepal for interactions to facilitate the Indian investments in various sectors like tourism, hydropower, construction, pharmaceuticals, textiles, wood and wood products, telecom, transport equipment, food processing, chemicals, light engineering, IT and ITeS etc. More than hundred thirty participants including representatives of the Embassy of Nepal in New Delhi, and public and private sector companies of India, as well as media persons participated in the event.

 

Mr. Bharat Kumar Regmi, Charge d'Affaires a.i., Embassy of Nepal said that there are ample of opportunities available for investment and cooperation for Indian companies in different sectors in Nepal. He also invited Indian investors to invest in the country and reap rich dividends. He further added that the year 2018 is a year of new beginnings in Nepal after successful conclusion of three tiers of elections, paving the way for political stability and good governance. Highlighting the Government's policy of attracting foreign investment, he called on Indian companies and entrepreneurs to invest in various sectors by taking full advantage of its enormous possibilities and the Government's favorable policies.

 

Mr. Krishna Hari Pushkar, Minister-Economic, Embassy of Nepal made a detailed presentation on various areas for potential investments in Nepal. He also urged business community to invest in Nepal while describing the Government's support and facilitation measures to boost the business relations mentioning competitive advantages available particularly in hydropower, infrastructure development and adventure tourism sectors. He reiterated that the Government of Nepal and the Nepalese private sector work well in tandem. Through sustainable economic development, Nepal is working towards political stability, peace building, trade facilitation and economic capacity building.

 

Mr. B. Venkatesham, Secretary, Tourism, Government of Telangana highlighted the importance of Indo-Nepal relationship, saying that the economic cooperation can bring people of the two countries even closer. He added that the recently formed Government in Nepal is engaged in the task of political and socio-economic transformation of the country through peaceful and democratic means to make it a stable, inclusive, full-fledged democratic and prosperous country. He also highlighted that Government of Telangana is interested to sign an MoU with the Nepal Tourism Board to promote India and Nepal together as tourism destinations.

 

Mr. Devendra Surana, Managing Director, Bhagyanagar India Ltd. said that there is considerable potential to enhance bilateral trade by addressing the infrastructural deficiencies, trade restrictive measures as well as adopting trade facilitation measures for easier market access. He said that low labour cost - below the regional and global standards, abundant and untapped geographical resources and minerals besides enormous potential in hydro power were some of the features that made Nepal an attractive investment destination.

 

The seminar also witnessed participation of Mr. Sanjay Kapur, Secretary General; Federation of Telangana and Andhra Pradesh Chamber of Commerce and Industry (FTAPCCI); officials from Embassy of Nepal and representatives from the Indian industry along with the business community of Telangana.

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