July 13, 2017
Nepal is keen on leveraging the potential of the Indian port city, Vishakhapatnam, thereby boosting its trade ties with India.
This was evident in ‘Nepal-India Trade Transit and connectivity: Issues and Facilities’, a workshop jointly organised by the Nepali Embassy in New Delhi and India’s Institute for Defense Studies and Analysis (IDSA), in Vishakhapatnam, on Tuesday.
The workshop focused on trade, transit and connectivity between India and Nepal.
In his inaugural address at the event, Deep Kumar Upadhyaya, Nepali Ambassador to India expressed Nepali traders’ willingness to leverage the potential of highly-advanced port facilities in Vishakhapatnam, for their transit operations.
He added that India, besides being the biggest trade partner of Nepal, is also a major transit country for Nepal’s trade with other countries.
Speaking on the occasion, M T Krishna Babu, Chairman of Visakhapatnam Port, requested the Government of Nepal to set up a Consulate office in Vishakhapatnam.
“Though geographically Kolkata/Haldia may be nearer to Nepal, Vizag may work out cheaper considering other factors and advantages here,” said Krishna Babu, while noting that Nepal’s trade from Vishakhapatnam is still at a nascent stage.
Container terminal in Vishakhapatnam port would benefit Indo-Nepal trade, he noted.