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]]>Towards this end, the Government of Sikkim is making moves to form the first road linkage between Sikkim and Nepal.
The proposed 18-km road will connect Uttarey of West Sikkim with Chiwa Bhanjyang, a Nepali village located at a height of about 10,500 feet on the Sikkim-Nepal border.
Sikkim Roads Department is executing the project at an expenditure of Rs 25 crore and is expected to be complete it by the end of 2018, while Nepal has already finished the road towards Chiwa Bhanjyang.
The project was expected for completion long back, but got delayed because of forest and environmental clearances, says Urban Development and Housing Minister N K Subba.
“The work is on in full swing now, and we expect the road to be completed by end-December,” adds Subba.
According to Subba, the new road link will enhance trade and tourism ties between the two regions.
“The area has been witnessing a steady rise in the flow of tourists for the past six-seven years. The road will provide another entry point for tourists. Trade between Sikkim and eastern Nepal will also get a fillip,” says the Minister.
Trade & Tourism
Locals also feel that the new link will take the existing trade cooperation between the two regions, in small volumes currently, to the next level.
“Items like salt, sugar and kerosene are traded in the border area. With the establishment of the road link, the trade volume will definitely see an increase. There will also be an increase in the number of trading items,” says Arjun Subba, a lodge owner at Uttarey.
In terms of tourism, a local tourism entrepreneur Siv Bahadur Limbu feels that the region holds good potential for trekking activity since they were first opened in 2010.
“Uttarey-Chiwa Bhanjyang is the shortest trek and takes about two hours. Porters are available for hire at Uttarey. The higher reaches are pristine and when flowers like rhododendron are in bloom, it is a sight to behold,” says Limbu.
According to Arjun, the state government has already built Tenzing-Hillary Park and is also planning to revive the dried-up lake located in the heart of the village.
“There used to be a lake in the village, but it dried up and is now filled with mud. The government is in the process of reviving the lake, which could add to the beauty of Uttarey,” adds Arjun.
Sikkim also has Asia’s 2nd largest suspension bridge (in terms of altitude) called Singshore bridge.
Sikkim and Nepal currently share a 100-km-long border and are looking at new heights of cooperation with the new route.
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]]>Nepal has drawn a wide global attention in the recent times and as a result, the global business community has also been expressing its willingness to invest in Nepal, every now and then.
India for infrastructure development, South Korea for smart city development, US in energy and education sectors, likewise, many other countries have come forward to invest in Nepal in the recent times.
In the recent past, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Austrian Federal Economic Chamber (AFEC) have also signed a new agreement to boost business and trade ties between the two countries.
Following the trend, now the Japanese business community and Non-Resident Association (NRNA) Korea have also expressed their willingness to invest in Nepal.
“Foreigners would benefit by investing in Nepal, as the country is a gateway to reach out to markets of India, China and other South Asian countries,” says the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Bhawani Rana.
An official statement in this regard was made by the Japan Chamber of Commerce and Industry, Singapore (JCCIS) President Tochiori Takuhiro.
A 12-member JCCIS team, including eight Japanese companies that expanded their base to Singapore, has come to Nepal on November 06, 2017, to assess investment climate in the country and discuss cooperation in various sectors.
The companies in the delegation belong to various sectors such as textiles, manufacturing, tourism, banking, logistics, oil and gas.
“We are here because we see an opportunity in this country as it has young workforce and other potential to grow. Lately, the government has also started taking serious initiatives to attract Foreign Direct Investment (FDI), which is encouraging,” says Tochiori Takuhiro.
Tochiori was speaking at an interaction program organised by FNCCI on November 07, 2017.
On the occasion, Tochiori further informed that the team would meet domestic entrepreneurs of various sectors, over the next three days, to finalize the areas of cooperation.
In a recently-held meeting with the Nepali trade delegation of 14 Nepal-Korea Chamber of Commerce and Industry (NKCCI) members and 9 hoteliers, NRNA Korea has also expressed its willingness to invest in Nepal.
The Hotel Association Nepal (HAN) informed this in an official statement on November 07, 2017.
During the B2B meeting organized by Korea Trade-Investment Promotion Agency (KOTRA), officials of NRNA Korea expressed commitment to work for bilateral trade and tourism promotion,” said HAN.
According to HAN, the delegation participated in an event called G Fair Korea and has also organized a trade promotion program titled- ‘Nepal: Your Destination for Tourism and Trade’.
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