India wants to
expand role of Inter-Governmental Committee (IGC) and include investment
promotion and development issues also in the commerce secretary-level meeting.
"With
the changing dimension of Nepal-India relations, the IGC also has to be
expanded to address new development issues," said the visiting Indian
commerce secretary S R Rao, during the meeting with the finance minister
Shankar Prasad Koirala, at his office today.
Nepal's
hydropower could be useful to the whole South Asia, if it could be exploited,
he said, adding that Nepal has to increase investment in hydropower.
The Indian
investors have been increasing their investment worldwide, and Nepal can
attract them to invest, Rao suggested. "They will invest in Nepal provided
investment-friendly environment and confidence."
India is
ready to simplify the existing legal and bureaucratic hurdles to ease Nepal's
exports, the secretary said, hailing Nepal's support to India in global trade
regime. "
Koirala, on
the occasion, hoped that the successful IGC meeting will help strengthen
bilateral trade between Nepal and India. "There is huge potential for the
investment in energy and infrastructure in Nepal," he said, adding that
Indian assistance is highly expected in these sectors.
Thanking for the invitation
of his counterpart Indian commerce minister Anand Sharma, Koirala said that he
will discuss on bilateral trade and economic cooperation that would benefit
both the countries.
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