Monday, June 24, 2019

Nepal-India partnership summit to promote cross border trade

Progress Harmony For Development Chamber of Commerce and Industry (PHDCCI) and Embassy of Nepal in New Delhi is organising ‘India-Nepal Economic Partnership Summit’ on Friday at Gangtok in Sikkim.
PHDCCI – under aegis of its India-Nepal Centre (INC) / State Development Council (SDC) and in association with the Embassy of Nepal in New Delhi – is organising ‘India-Nepal Economic Partnership Summit’ to explore the trade and investment opportunities and to participate in the economic development of both India’s Northeast Region and Nepal, according to the organizer.
The summit will focus on the sectors where India-Nepal co-operation can be further boosted through proactive and sublime ‘East Connection’ to achieve the desired goals for Nepal’s economic development  from tourism to agriculture and food processing, energy, infrastructure, healthcare, education, skill development  and start-ups to services, according to deputy secretary and coordinator SDC, India Nepal Centre, Atul K Thakur.
The summit aims at hosting the key industry and government stakeholders from both the countries who are either already involved with the industrial development of Nepal or have genuine urge to be part of it. “Also, the Summit will facilitate two-ways investment opportunities between India and Nepal through sensitising the Indian industry and investors – especially those located in India’s Northeast and neighbouring countries – and Nepalese counterparts to come in term with the strong possibilities that Nepal offers unwaveringly for businesses and investments,” he added.
PHDCCI has been closely working with the Government of Nepal and the leading industry bodies of Nepal. Likewise, PHDCCI’s India-Nepal Centre promotes two-way bilateral economic and business relations between India and Nepal.
Former Indian Ambassador to Nepal K V Rajan is the chair of India-Nepal Centre and Atul K Thakur is its coordinator, whereas vice president of the Confederation of Nepalese Industries (CNI) Nirvana Chaudhary is the chair of Centre’s Nepal Chapter.
The summit also aims at bringing closer the policymakers in government and industry captains to discuss and ideate for the way forward and broaden the base of Nepalese economy through next-wave of economic and governance reforms. It will also explore the potential of road, railway and air networks in Nepal and ‘common factors’ and leveraging on the same for attracting investment from Northeast and India at large, Thakur said, adding that the summit will also bring-in to notice the hidden potential in Border Area Development Programme and paving the way for India’s major involvement in helping the infrastructural facelift of Nepal’s bordering districts in West Bengal and Bihar – and making them the gateways of Northeast-Nepal Trade Connection. “It will also discuss and ideate for making Cluster-based Economic Zones across Nepal.”
Through the summit, the efforts are being made to create and sustain a framework of deeper regional and sub-regional economic cooperation, informed Thakur.
The summit – that has Karobar National Economic Daily as its media partner – will also have sessions on 'Promoting Industry in Nepal, Revisiting Bilateral Trade Policies, Expanding Sub-regional Cooperation, Border Area Development, MSMEs, Destination Sikkim, SAARC, BBIN and BCIM' and 'Policy Reforms and Ease of Doing Business in Nepal, Sectoral Possibilities in Nepal, Channelising Investment (both-ways) for Industrial Development in Nepal and Northeast (with special reference to Sikkim).

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