Nepal hosts trade and investment linkage programme in Dhaka

KATHMANDU: The Embassy of Nepal in Dhaka organised a programme titled 'Trade and Investment Linkages between Nepal and Bangladesh' in the capital on Wednesday.

In his welcome remarks, Nepali Ambassador Ghanshyam Bhandari highlighted the growing economic engagements between Nepal and Bangladesh. He shed light on progress achieved in sectors such as trade, connectivity, energy and tourism, according to a press statement issued by the embassy.

On the occasion, Ambassador Bhandari referred to the first-ever flow of 40 megawatts (MW) of hydroelectricity from Nepal to Bangladesh, emphasising that energy cooperation provides mutual benefits not only to the two countries but also to the entire South Asia region. He also urged Bangladeshi business leaders to build synergetic partnerships with Nepal’s business community and utilise investment opportunities available in Nepal.

Speaking as the special guest, Investment Board Nepal (IBN) CEO Sushil Gyawali made a comprehensive presentation on Nepal’s investment climate, opportunities, and priority sectors. He outlined Nepal’s strategic initiatives to create a conducive environment for attracting foreign direct investment, elaborating on opportunities in sectors such as energy, tourism, agriculture, information and communication technology, urban infrastructure, health, manufacturing, and mines and minerals.

Executive Member of the Bangladesh Investment Development Authority (BIDA), Khandoker Azizul Islam, discussed Bangladesh’s investment priorities and expressed commitment to work together with Nepal to strengthen investment ties in mutually beneficial areas.

Chairman of the National Bank and former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Abdul Awal Mintoo, shared his perspectives on doing business in Nepal and underlined the need to consolidate economic ties between the two countries.

During an interactive session, CEO Gyawali and Ambassador Bhandari responded to concerns and queries from the participants.

The event brought together eminent business leaders of Bangladesh, including representatives of FBCCI and Dhaka Chamber of Commerce and Industry (DCCI).