Indian investment in Nepal drops
KATHMANDU:
In recent years, India is lagging behind in investment in Nepal, said ambassador of India to Nepal Rakesh Sood here today.
Launching the e-version of ‘Doing Business in Nepal — a Guide to Indian investors’ — he said that the portal will help connect Nepali and Indian entrepreneurs.
The guide has been prepared by Nepal India Chamber of Commerce and Industry (NICCI) in association with the Embassy of India in Kathmandu.
According to the chamber, the guide gives busy executives and business planners of both the countries a quick review of the investment opportunities in Nepal.
As part of its charter, the chamber has laid down key objectives to improve economic cooperation between the two countries especially to identify industries and services where Nepal offers viable and sustainable competitive advantages for Indian investments; identify specific sectors to enhance bilateral trade; and facilitate issues which impede trade and commerce and recommend ways and means for increasing exports to India.
The investment guide, ‘Doing Business in Nepal’ will be available online and later in print. It has a comprehensive and well compiled content and is user friendly with charts and flowcharts. One of the important features is that the Guide offers links to useful Acts, Regulations, Policies and Treaties. The annexes include formats, drafts and checklists for ready reference.
NICCI has hoped that in addition to the investors and businessmen on both sides of the border, the Guide is an essential and interesting read for the various government bodies, policy advocacy groups, NGOs, INGOs and even the common people. According to the chamber, it will undertake more of such works to increase awareness and would organise skills transfer and capacity development activities that would further enhance other factors for successful investments in Nepal.
Meanwhile, early in the morning Federation of Nepalese Chamber of Commerce and Industries (FNCCI) and Confederation of Indian Industry (CII) discussed on potential investment in Nepal.
They also planned a Joint Enterprenuers Council meeting in October in India.
President of the federation Suraj Vaidya and visiting CII team leader Rajeeb Ranjan Mallick led their teams in the talks that explored various sectors for the investments, and Nepal-India economic and trade relations.
The FNCCI representatives urged the visitors to work in coordination with Nepali entrepreneurs. The CII representatives, meanwhile, also discussed problems on some of the projects having Indian Investments, and they invited Nepali entrepreneurs to take part in CII Partnership Summit - 2012 in January in India.
Source: THT
In recent years, India is lagging behind in investment in Nepal, said ambassador of India to Nepal Rakesh Sood here today.
Launching the e-version of ‘Doing Business in Nepal — a Guide to Indian investors’ — he said that the portal will help connect Nepali and Indian entrepreneurs.
The guide has been prepared by Nepal India Chamber of Commerce and Industry (NICCI) in association with the Embassy of India in Kathmandu.
According to the chamber, the guide gives busy executives and business planners of both the countries a quick review of the investment opportunities in Nepal.
As part of its charter, the chamber has laid down key objectives to improve economic cooperation between the two countries especially to identify industries and services where Nepal offers viable and sustainable competitive advantages for Indian investments; identify specific sectors to enhance bilateral trade; and facilitate issues which impede trade and commerce and recommend ways and means for increasing exports to India.
The investment guide, ‘Doing Business in Nepal’ will be available online and later in print. It has a comprehensive and well compiled content and is user friendly with charts and flowcharts. One of the important features is that the Guide offers links to useful Acts, Regulations, Policies and Treaties. The annexes include formats, drafts and checklists for ready reference.
NICCI has hoped that in addition to the investors and businessmen on both sides of the border, the Guide is an essential and interesting read for the various government bodies, policy advocacy groups, NGOs, INGOs and even the common people. According to the chamber, it will undertake more of such works to increase awareness and would organise skills transfer and capacity development activities that would further enhance other factors for successful investments in Nepal.
Meanwhile, early in the morning Federation of Nepalese Chamber of Commerce and Industries (FNCCI) and Confederation of Indian Industry (CII) discussed on potential investment in Nepal.
They also planned a Joint Enterprenuers Council meeting in October in India.
President of the federation Suraj Vaidya and visiting CII team leader Rajeeb Ranjan Mallick led their teams in the talks that explored various sectors for the investments, and Nepal-India economic and trade relations.
The FNCCI representatives urged the visitors to work in coordination with Nepali entrepreneurs. The CII representatives, meanwhile, also discussed problems on some of the projects having Indian Investments, and they invited Nepali entrepreneurs to take part in CII Partnership Summit - 2012 in January in India.
Source: THT
