Indian prime
minister Dr Man Mohan Singh suggested Nepal to increase investment in
productive industries, hydropower and infrastructure development.
During a
meeting with SAARC commerce ministers today in New Delhi, he also urged Nepal
to increase investment in economic development.
He also
suggested commerce minister Shankar Prasad Koirala to increase domestic production
to bridge trade deficit.
Returning
from New Delhi Koirala today briefed the media that the fifth SAARC Business
conclave has decided development of entrepreneurship, energy and future course for
the regional prosperity.
The SAARC
commerce ministers, on the occasion, unitedly decided to work for trade
facilitation, infrastructure development, and enhance supply capacity of landlocked
countries in the region, he said, adding that the effective implementation of
SAFTA will help develop the South Asia.
During the
meeting with the Indian commerce minister, Nepal also discussed on petroleum pipe
line and transit facility to increase Nepal's third country export.
Responding
to Koirala's request, Sharma suggested to increase investment in energy to
narrow down the trade deficit, though India is positive to help solve transit
issue.
The active
participation of private sector and government will make economic development possible,
Koirala added.
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