Indian Ambassador pledges to encourage Indian investors to invest in Nepal

KATHMANDU: Indian Ambassador to Nepal, Naveen Srivastava, has pledged to encourage Indian companies to invest in Nepal. In his address at the opening session of the Nepal Investment Summit 2024 in Kathmandu today, Ambassador Srivastava emphasised that promoting investment in Nepal from India will not only enhance trade facilities but also create additional trade opportunities. He highlighted the importance of Nepal's power exports to India in strengthening bilateral relations.

Ambassador Srivastava reiterated India's commitment to increasing investment in Nepal in the future. He stated that Nepal and India are actively collaborating in various sectors, including the establishment of integrated check posts, trans-border electricity transmission facilities, and energy trade.

On the same occasion, Yingming Yang, the Asian Development Bank's Vice Chair for South, Central, and West Asia, highlighted investment opportunities in Nepal across various sectors. The ADB Vice Chair underscored Nepal's vast potential in natural resources, agriculture, green energy, tourism, and trade.

The ADB is actively investigating investment opportunities in Nepal and is committed to enhancing cooperation and collaboration with stakeholders to facilitate private sector involvement.

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