In order to explore trade and investment opportunities and to participate in the economic development of India’s Northeast region and Nepal, PHDCCI under aegis of its India-Nepal Centre (INC) / State Development Council (SDC) and in association with the Embassy of Nepal, New Delhi organised “India-Nepal Economic Partnership Summit” on June 28 in Gangtok, Sikkim.
The Summit focussed on the sectors where India-Nepal cooperation can be further boosted through proactive and sublime “East Connection” to achieve e desired goals for Nepal’s economic development; tourism, agriculture and food processing, energy, infrastructure, healthcare, education, skill development, and start-ups and services.
The Summit hosted some key policy-makers who significantly influence the decision-making of the region. It hosted two-way investment opportunities between Sikkim and Nepal through sensitising the industry captains and investors to come to terms with the strong possibilities that both the places offer unwaveringly for business and investments.
Chief Guest, Prem Singh Tamang, Chief Minister of Sikkim, shared his perspectives on the opportunities that are available and the need for collaborative efforts to make a framework of comprehensive regional and sub-regional economic cooperation.
Alok Srivastava, the Chief Secretary of Sikkim, gave an overview of Sikkim’s developmental profile and policies which are progressive and supportive of businesses. Thomas Chandy, Additional Chief Secretary at Department of Commerce and Industries of Government of Sikkim, welcomed Nepali entrepreneurs to engage with Sikkim and start a new chapter of collaboration in particularly two areas – tourism and organic farming.
Anukool Bhatnagar, MD and CEO of Nepal SBI Bank, outlined the financing facilities available in Nepal for doing business. K V Rajan, Chairman of India-Nepal Centre, PHDCCI and India’s former Ambassador to Nepal, shared the need for institutionalising the socio-cultural goodwill and shared ties between India and Nepal for accelerating economic cooperation.
