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.

The post Indian Businessmen Invited to Invest in Nepal appeared first on Nepali Sansar.

Ahead of Nepal Prime Minister’s India visit, Indian External Affairs Minister Sushma Swaraj arrived in Kathmandu on Thursday to attend the 15^th BIMSTEC ministerial meeting.

As part of the visit, the Indian minister held bilateral talks with Nepal President Bidya Devi Bhandari and Prime Minister Sher Bahadur Deuba.

In the discussion, Deuba said both the countries should work together for achieving positive results in various past understandings and agreements, including implementation of various India-funded projects in Nepal.

In response, Sushma Swaraj said, “We are committed to timely completion of old and important projects undertaken by us. India is keen to invest in Nepal, but Nepal should also complete the required procedures for the timely completion of the projects.”

The Indian minister’s recent visit to Nepal is the first such high-level visit from India since Deuba assumed PMO and gains significance in the light of Nepal PM’s upcoming visit to India on August 23, 2017.

According to Foreign Relations Adviser to PM Dinesh Bhattarai, Deuba’s India visit would likely focus on realization of past accords and agreements Nepal had agreed with India.

In his talks with Indian officials, Deuba is also expected to raise issues related to demonetized Indian currency notes of Rs 500 and Rs 1000 denominations that are concerning Nepalese

The post India Keen to Invest in Nepal, says Indian Minister appeared first on Nepali Sansar.