Nepal | July 23, 2019

‘Nepal working hard for economic growth’

Himalayan News Service

Kathmandu, September 9

Former prime minister of Nepal Pushpa Kamal Dahal, who is also the co-chairman of Nepal Communist Party (NCP) on Friday assured India Inc, stating that the new democratic setup in Nepal is going to change all its decades-old autocratic rules and regulations and make them flexible and friendly enough to attract investment from its neighbouring countries including India.

He further assured that the federal setup of Nepal with its provincial and local governments are all united to transform Nepal’s economy as the country has had a tumultuous political history in the past on account of which its economy has suffered.

According to Prachanda, water management including hydro cooperation, tourism, agriculture and host of other such areas could be the ideal areas for joint economic cooperation between Nepal and India.

The former prime minister was speaking at an interactive session in New Delhi with members of the PHD Chamber where he inaugurated the India-Nepal Centre (INC) in the presence of the President of the PHD Chamber, Anil Khaitan along with Chairman of India-Nepal Centre (Nepal) and Managing Director of Chaudhary Group, Nirvana Chaudhary.

The INC was recently launched by the PHD Chamber to support strengthening of Nepal-India business ties through sustained attention on opportunities for expanding trade, investment, joint ventures and technology, following the high-level visits exchanged between the two countries.

The INC is headed by K V Rajan, former Indian ambassador to Nepal who was also secretary of the Ministry of External Affairs, India in the recent past.

INC aims to facilitate greater private sector contribution for accelerated inclusive economic development of Nepal by focusing on innovative approaches and new technologies in priority sectors identified by two countries for mutual cooperation such as tourism, hydropower, infrastructure, agriculture and agro-processed industry and MSMEs skill development.

A version of this article appears in print on September 10, 2018 of The Himalayan Times.

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