Friday, July 30, 2021

Nepal-India discuss bilateral economic ties

Nepali private sector representatives and Indian officials discussed on bilateral trade and tourism promotion in both the countries.

Nepal-India Chamber of Commerce and Industry (NICCI) and the Indian Embassy officials in Kathmandu today held a brainstorming session on strengthening economic ties between the neighbours at the Embassy, in Kathmandu, according to a press release issued by the Indian Embassy in Kathmandu.

Indian Embassy deputy chief of mission (DCM) Namgya Khampa welcomed the NICCI executive committee, the press release reads, adding that the NICCI members briefed the DCM on the investment scenario in Nepal. "On the occasion, DCM Khampa assured support to NICCI endeavors, especially in tourism, trade and investment in Nepal."

The brainstorming session included issues ranging from the promotion of tourist circuits including Buddist, Ramayana, Mahabharat, Sikh and Shiva Shakti, attracting Indian investments into Nepal, especially in the emerging sectors and business opportunities in construction and agriculture sectors.

The NICCI also proposed to bring out a detailed plan of action on these issues, including organisation of India-Nepal Partnership Summit, Financial Sector Summit and establishment of an India Nepal Centre of Innovation to promote budding entrepreneurs.

They also discussed recent developments and possible cooperation in the railway sector, the release adds.

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