Nepal and India are planning to to
hold annual economic summits alternately in each of the countries.
The private sectors of both the
South Asian neighbours – Confederation of Indian Industry (CII) and Federation
of Nepalese Chambers of Commerce and Industry (FNCCI) – jointly informed the President
Dr Ram Baran Yadav and Prime Minister Sushil Koirala during the meeting with the
head of the state and executive head.
The CII delegation – led by
president-designate Ajay S Shriram – that is currently in Kathmandu to attend
the Nepal Economic Summit-2014 as
guest speaker and the FNCCI team – led by president Suraj Vaidya – informed the President of their decision of their planned intensely engagement to jointly promote bilateral economic activities, injecting investment in new sectors.
guest speaker and the FNCCI team – led by president Suraj Vaidya – informed the President of their decision of their planned intensely engagement to jointly promote bilateral economic activities, injecting investment in new sectors.
"In a joint initiative of
CII and FNCCI, the two sides have agreed to convene Nepal-Indian economic
summit on annual basis in an alternative country,” the FNCCI statement read,
adding that the CII delegation is very encouraged from these two meetings and
will convey the kind support provided by the president and the prime minister
to potential Indian investors.
Meanwhile, the guests held
separate talks with the President and Prime Minister and discussed bilateral
economic, trade and investment expansion.
The delegation said that
Indian investors were interested in employment generation, energy development,
and commercialisation of agro-based industries, investment expansion and
tourism in Nepal. They also urged the Nepal government to create favourable
environment for them to come in the Himalayan nation in a big way.
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