India-Nepal Business Expo & Summit 2021 underway at Chitwan

India-Nepal Business Expo & Summit 2021 underway at Chitwan

India-Nepal Business Expo & Summit 2021 underway at Chitwan

KATHMANDU: The India-Nepal Business Expo & Summit 2021, aimed at further enhancing the business ties as well as promoting an overall collective sense of unity, is underway at Chitwan International Expo Centre, Bharatpur.

The Expo organized by the PHD Chamber of Commerce and Industry (PHDCCI) that started on December 17 will conclude on December 19.

Under the aegis of its dedicated South Asia Committee (International Affairs & Trade Fairs Division) and India-Nepal Centre (INC), PHDCCI as India’s leading Industry Chamber is particularly working for creating a very positive and forward-looking business ecosystem in India’s immediate neighborhood with a focus on Nepal.

The three-day India-Nepal Business Expo & Summit 2021 was formally inaugurated on December 17, where the policymakers voiced for enhancing bilateral economic cooperation between two friendly countries with a history of complementarity.

Speaking on the occasion, Sushil Bhatta, CEO, Investment Board Nepal emphasized the merit of timely project completion and realization of investment commitment as the major factors for deepening the economic cooperation.

Citing the Indian hydroelectricity project Arun-3 as a success story he reassured the Indian investors for smooth investment facilitation in Nepal.

He added that the business entities interested to do business in Nepal should concentrate on Project Development & Management, Coordination, Collaboration and Partnership.

Nepal Investment Summit 2021 is imminent; he announced on the occasion and called for the participation of the prospective and existing Indian investors.

Abhishek Upadhyay, First Secretary & Commercial Representative, Embassy of Indian in Nepal presented a comprehensive account of India’s commitment and proactive action for further deepening the economic engagements with Nepal. Dwelling on Nepal’s trade deficit, he pointed to governmental interventions as the most important determinant for further positive momentum.

He suggested the Indian businesses of all sizes to do business in Nepal with advantages like cost, access, familiarity and improved ease of doing business.

Moderated by Atul K Thakur, Nodal Coordinator, India-Nepal Centre, PHDCCI, the Summit witnessed the presence of speakers Dipak Kumar De, MD & CEO, Nepal SBI Bank Ltd; and Pranav Poddar, Co-Chair, International Affairs Committee for South Asia, PHDCCI.

Likewise, Trilochan Kandel, President, Association of Chitwan Industries; Major General Binoj Basnyat, Strategic Analyst & Columnist; Sunil K.C., Vice President, Nepal-India Chamber of Commerce and Industry & Chairman, Asia Corporation also attended the meeting.

Rakesh Sangrai, Senior Secretary, PHDCCI summed up the proceedings of this well-attended session.