Nepal promised relaxation in infrastructure and tax structure for Indian business community
In a move strengthening Indo-Nepal economic ties, the Government of Nepal invited Indian businessmen to invest in Nepal.
In this regard, Nepal promised relaxation in infrastructure, tax structure, redressal of single window grievances, special rights and exemptions to facilitate ways for the Indian business community.
“It’s an opportune time to invest in Nepal with bilateral trade on the upswing and we assure the Indian industry that our government would provide all possible support to investors,” Embassy of Nepal Charge d’Affairs Bharat Kumar Regmi.
Regmi said this in his address at the Indo-Nepal Trade and Investment Opportunities seminar organized by the Federation of Indian Chamber of Commerce and Industry (FICCI) in Mumbai on December 21, 2017, with an aim to encourage economic and business cooperation between the two countries.
Krishna Hari Pushkar, Minister(Economic), Government of Nepal, highlighted Nepal’s potential in infrastructure, hydro-power, tourism, agro-based industries, mining and minerals, education, health, manufacturing, IT and construction sectors.
Cultural counsellor from the Nepal Embassy Krishna Prasad Pantha called on stressed on the need for strengthening of people-to-people and cultural ties between the two countries.
India Should Rethink
Meanwhile, in another statement, the Communist Party of India (CPI)-Marxist General Secretary Sitaram Yechury felt that India need to rethink on its bilateral relations with Nepal following the victory of Communist Alliance in the recently-concluded Nepali parliamentary and provincial polls.
“The important political development in Nepal should lead to a re-thinking and change in India’s attitude to Nepal. The Modi-led Indian Government should strive to establish close relations of cooperation based on equality and non-interference in the internal affairs of Nepal.” said the Indian CPI-M leader.