In a bid to foster economic ties between Nepal and Bharat, Shankar Prasad Sharma, the Ambassador of Nepal to Bharat, has urged the Bharatiya business community to consider investing in Nepal. Speaking at an “Industry Outreach Meet” held in New Delhi, Sharma emphasized Bharat’s pivotal role in Nepalese investments, highlighting that one-third of total investments in Nepal originate from Bharat.
Sharma underscored Bharat as the prime destination for promoting investments in Nepal, particularly in the hydropower sector. He encouraged Bharatiya investors to explore opportunities in Nepal, citing the ease of bringing skilled personnel from Bharat due to relaxed passport and visa requirements. Additionally, Sharma highlighted Nepal’s burgeoning electricity exports to Bharat, signaling lucrative prospects for Indian investments in the hydropower industry.
The envoy extended a warm invitation to Bharatiya businessmen during the “Industry Outreach Meet,” jointly organized by the Embassy of Nepal in Bharat and PHDCCI India-Nepal Centre. The event, held in the national capital, precedes the upcoming Nepal Investment Summit 2024 scheduled for April 28-29 in Kathmandu.
At the meet, Ambassador Sharma and Sushil Bhatta, CEO of Investment Board Nepal, presented detailed insights into the promising investment opportunities in Nepal. The event witnessed enthusiastic participation from leading industry figures and government decision-makers, reflecting a growing interest in Nepal as a viable investment destination.
The forthcoming Nepal Investment Summit aims to assemble a distinguished lineup of national and international speakers, dignitaries, sector-specific experts, and high-level representatives from the government, private sector, and development partners. It seeks to showcase Nepal’s potential as an attractive investment hub and facilitate meaningful engagements between stakeholders to drive economic growth and development in the region.
Overall, Ambassador Sharma’s call for Bharatiya investments in Nepal underscores the deepening economic collaboration between the two neighboring nations, paving the way for enhanced bilateral relations and mutually beneficial partnerships in key sectors such as energy, infrastructure, and trade.
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