Indian entrepreneurs urged to invest in Nepal’s hydro, tourism sector

Senior Vice-President of the Federation of Nepalese Chambers of Commerce and Industry, Chandra Prasad Dhakal, has urged the visiting Indian entrepreneurs to invest in Nepal’s hydropower and tourism infrastructure development.

Addressing an interaction between Nepalese industrialists and entrepreneurs and representatives of the Chamber of Commerce and Industry, Odisha, here today, Dhakal called on the Indian entrepreneurs to invest in the hydropower, information technology, and tourism sectors of Nepal.

He said, “We are between the two big and emerging economies. India, China, and the European Union have provided concession on customs tariffs to Nepali products while the USA has provided partial concession in the US.

Stating that Nepal and India share special historic, cultural, and religious relations, he urged the business community from India to tie up with the Nepali trade community as well.

He urged the delegation to begin the cooperation at the next level and try to take the bilateral trade relations to a new height. “Nepal and India have abundant possibilities for consolidating the business ties. And I hope today’s interaction will help take the level of mutual trade cooperation to a new height.”

He pressed the idea that the integration of India’s supply and value chain would be beneficial for both nations. “Nepal’s private sector is ever eager to be part of the economic recovery and prosperity of India. We wish to further strengthen our bilateral trade relations and cooperation.”