Mr Bharat Kumar Regmi, Charge d’Affairs, Embassy of Nepal, has said that it was an opportune time to invest in Nepal with bilateral trade on the upswing and assured Indian industry that the Nepal government would provide all possible support to investors.
He was speaking in Mumbai at a seminar on ‘Indo-Nepal Trade and Investment Opportunities’ organised by FICCI recently in partnership with the Embassy of Nepal in New Delhi, to identify and promote emerging business opportunities between the two countries in potential areas of cooperation.
Mr Regmi said investors would get all possible support in the realm of tax structure, special rights and exemptions, redressal of single window grievances, availability of cheap labour and local infrastructure, informed a release.
Bilateral trade between India and Nepal has grown from $ 3,631.94 million in 2012-13 to $ 5,892.72 million in 2016-17. Nepal is keen that Indian businesses invest on a large scale, especially at a time when the country is witnessing the last leg of the transitional period.
Mr Krishna Hari Pushkar, Minister – Economic, Embassy of Nepal, outlined the expanding business opportunities in Nepal in hydro-power, infrastructure, tourism, agro-based industries, health, mining and minerals, education, IT, manufacturing and construction.