FNCCI Senior VP Dhakal urges Indian entrepreneurs to invest in Nepal’s hydro, tourism sector

KATHMANDU: Senior Vice-President of the Federation of Nepalese Chambers of Commerce and Industry, Chandra Prasad Dhakal, has urged the visiting Indian entrepreneurs to invest in Nepal's hydropower and tourism infrastructure development. Addressing an interaction between Nepali industrialists and entrepreneurs and representatives of Chamber of Commerce and Industry, Odisha, here on Thursday, Dhakal appealed to the Indian entrepreneurs to invest in hydropower, information technology and tourism sectors in Nepal. He said, "We are between the two big and emerging economies. India, China and the European Union have provided concession on customs tariff to Nepali products while the USA has also provided partial concession in the US." Stating that Nepal and India share special historic, cultural and religious relations, he urged the business community from India to tie up with the Nepali trade community as well. He urged the Indian delegation to begin the cooperation at the next level and try to take the bilateral trade relations to a new height. "Nepal and India have abundant possibilities for consolidating the business ties. And I hope today's interaction will help take the level of mutual trade cooperation to a new height." He pressed the idea that integration of India's supply and value chain will be beneficial for both countries. "Nepal's private sector is ever eager to be part of the economic recovery and prosperity of India. We wish to further strengthen our bilateral trade relations and cooperation." READ ALSO:

• FNCCI, IBN agree to promote investment in country
• Nepal-India talks to focus on hydropower, infrastructure and connectivity
• IME Motors hands over 8 mass casualty vehicles to NDRRMA
• FNCCI Senior VP Dhakal urges NRNs to invest in Nepal