INDIA-NEPAL ECONOMIC PARTNERSHIP SUMMIT Policy makers discuss trade and investment opportunities

Gangtok, 28 Jun (IPR):

The India-Nepal Economic Partnership Summit was held today at a local hotel in the capital which had the presence of Nepalese Ambassador to India,DrNilambarAcharya, Chief Minister of Sikkim, Prem Singh Tamang (Golay), Ambassador and Chairperson, India-Nepal Centre, PHDCCI,KV Rajan, other dignitaries, participants, officials from Nepal Embassy. In order to explore the trade and investment opportunities and to participate in the economic development of both, India’s North East Region and Nepal, PHDCCI under the aegis of its India-Nepal Centre (INC)/State Development Council (SDC) and in association with the Embassy of Nepal, New Delhi organized the event today. The Summit focused on the sectors where India-Nepal co-operation can be further boosted through proactive “East Connection” to achieve the desired goals for Nepal’s economic development –Tourism; Agriculture & Food Processing; Energy; Infrastructure; Healthcare; Education, Skill Development & Start-ups and Services. The Summit hosted some of the key policy-makers who significantly influence the decision-making of the region. It hosted two-way investment opportunities between Sikkim and Nepal through sensitizing the industry captains and investors to come to terms with the strong possibilities that both the places offer for businesses and investments. While speaking at the Summit as the chief guest, Chief Minister, PSTamang (Golay) shared his perspectives on the opportunities and about the need for collaborative efforts, for making a framework for comprehensive regional and sub-regional economic co-operation. Ambassador of Nepal, NilambarAcharya pointed out the sectors where India-Nepal co-operation can be further boosted through proactive “East Connection” to achieve the desired goals for economic development.

Minister (Economic), Krishna HariPushkar, Embassy of Nepal further substantiated this particular aspect in his detailed presentation. The Chief Secretary of Sikkim, AlokShrivastava gave an overview of Sikkim’s developmental profile and policies which are progressive and supportive to the businesses. Thomas Chandy, Additional Chief Secretary, Department of Commerce and Industries, Government of Sikkim welcomed the Nepalese entrepreneurs to engage with Sikkim and start a new chapter of collaboration in particularly two areas – Tourism and Organic Farming. Prof Mahendra Lama, Professor (South Asian Economies), JNU & Member, EPG on Nepal-India Relations, touched on historical and contemporary facts that are crucial for further expansion of economic cooperation between Sikkim and Nepal. AnukoolBhatnagar, MD & CEO, Nepal SBI Bank Ltd outlined the financing facilities available in Nepal for doing business. Ambassador and Chairman, India-Nepal Centre, PHDCCI and India’s former Ambassador to Nepal,KV Rajan shared his reflections on the need of institutionalizing the socio-cultural goodwill and shared ties between India and Nepal for accelerating the economic cooperation. PHDCCI has been closely working with the Government of Nepal and the leading industry bodies of Nepal. Likewise, PHDCCI’s India-Nepal Centre promotes two-way bilateral economic and business relations between India and Nepal. Former Indian Ambassador to Nepal, KV Rajan is the chairman of India-Nepal Centre and AtulK Thakur is its Coordinator, whereas Vice President, Confederation of Nepalese Industries (CNI) Nirvana Chaudhary is the Chairman of Centre’s Nepal Chapter. The Summit’s first Technical Session was Chaired by Ambassador, MrRajan who dealt with “Promoting Industry in Nepal; Revisiting Bilateral Trade Policies; Expanding Sub-regional Cooperation; Border Area Development; MSMEs; Destination Sikkim; SAARC; BBIN.” The Session was participated by Counsellor, TirthaPoudel, (Economic), Embassy of Nepal, India; Former MP, PD Rai, LokSabha, Sikkim; Vice Chancellor, DrJagganathPatnaik, ICFAI University, Sikkim; Dean, Dr PP Dabral, Central Agriculture University, Sikkim; Former Chief Secretary, TrilokDewan, Andhra Pradesh; Former Principal Secretary & Advisor, GTA; Former MLA, Darjeeling; Advisor (Tourism), Raj Basu, Government of Sikkim. The concluding session focused on “Policy Reforms & Ease of Doing Business in Nepal; Sectoral Possibilities in Nepal; Channelising Investment (both-ways) for Industrial Development in Nepal and Northeast (with special reference to Sikkim” and was moderated by Deputy Secretary & Coordinator, Atul K Thakur, SDC/India-Nepal Centre, PHDCCI.

The panel-members were: CEO, Sunil KC, Asian Institute of Diplomacy and International Affairs (AIDIA), Kathmandu; Editor, KuveraChalise, Karobar Daily, Kathmandu; Executive Director, BikasRauniyar, Interstate Multi-Modal Transport (P) Ltd/Fleet Logistics (P) Ltd; International Trade Expert, DrPanuPazo; Consultant – Infrastructure, Col Mani Gahatraj; Educationist,GayatriRai; Agri& Food Processing Entrepreneur, AbhimanyuDhakal. Through the Summit, efforts were made to create and sustain a framework of deeper regional and sub-regional economic cooperation.