Nepal, India to explore trade and investment opportunities «

Nepal, India to explore trade and investment opportunities

Nepal and India are going to meet in Sikkim next week to explore trade and investment opportunities.
‘India-Nepal Economic Partnership Summit’ scheduled for June 28 will be keeping focus on the sectors where India-Nepal co-operation can be further boosted through proactive and sublime ‘East Connection’ to achieve the desired goals for Nepal’s economic development –tourism, agriculture and food processing, energy, infrastructure, education, skill development, and start-ups and services, according to the organizer Progress Harmony For Development Chamber of Commerce and Industry (PHDCCI) and Embassy of Nepal in New Delhi.
They will brain storm on the economic development of both India’s Northeast Region and Nepal, according to PHDCCI. “The summit aims at hosting the key industry and government stakeholders from both the countries, who are either already involved with the industrial development of Nepal or have genuine urge to be part of it.
Also, the summit will facilitate two-ways investment opportunities between India and Nepal through sensitising the Indian industry and investors – especially those located in India’s Northeast and neighbouring countries – and Nepalis counterparts to come in term with the strong possibilities that Nepal offers unwaveringly for businesses and investments, the organizer said, adding that the summit also aims at bringing closer the policymakers in government and industry captains to discuss and ideate for the way forward and broaden the base of Nepali economy through next-wave of economic and governance reforms. “It will also help create a sustained convergence of industry and government, for thriving on the mutually beneficial India-Nepal bilateral relations in all crucial realms with keeping in focus the ‘Northeast-Nepal Interface’.”
The summit will not only explore the potential of road, railway and air networks in Nepal and ‘common factors’ and leveraging on the same for attracting investment from Northeast and India at large but also bring-in to notice the hidden potential in Border Area Development Programme and pave the way for India’s major involvement in helping the infrastructural facelift of Nepal’s bordering districts in West Bengal and Bihar – and making them the gateways of Northeast-Nepal Trade Connection. “It will also discuss and ideate for making Cluster-based Economic Zones across Nepal, and help relaxing the cross-border trade norms to secure and sustain the greater economic engagements.”