In order to discuss a roadmap for strengthening bilateral relations, the All India Association of Industries (AIAI) and World Trade Center Mumbai hosted an interactive meeting with Ms Sujata Koirala, the former deputy prime minister and foreign minister of Nepal, head of the department of international relations, and member of the Nepali Congress’ central committee.
Ms. Koirala urged Indian investors to participate in four 400 MW hydroelectric power projects that have received all necessary clearances and are prepared for deployment in Nepal during this conference.
She remarked, “India and Nepal share similar cultural, religious and civilisational backgrounds. Our country is on the path of economic development and India has been our trusted development partner. My visit to India aims to deepen our partnership, especially in areas such as hydropower, mining, healthcare, education and tourism, where there is tremendous potential to enhance the relationship. I invite Indian investors to invest in the four proposed hydropower projects of 400 MW each which are ready for implementation in our country.”
Ms Koirala assured all possible support for Indian investors and traders looking to invest or expand their business in Nepal.
“Both the countries have great economic cooperation; there is strong people to people ties, tourism and exchange of workers. My objective is to strengthen this relationship by bringing together industries and chambers of commerce of both the countries, Ms Koirala added.
Earlier in his welcome remarks,
Dr. Vijay Kalantri, President – All India Association of Industries and Chairman – WTC Mumbai
mentioned, “India and Nepal are not just neighbors but Sister states. India has not only invested in infrastructure, hydropower projects, but also contributed to the country’s exports by buying electricity from Nepal.”
Dr. Kalantri assured that WTC Mumbai and All India Association of Industries (AIAI) will work to strengthen this partnership in trade, investment, tourism and cultural areas.
Dr. Kalantri informed, “In the past, we have hosted trade delegations from Nepal, including the present and past Prime Ministers of the country.”
Dr. Kalantri further informed, “There are lot of opportunities in mining of gold, hospitality, spiritual tourism. Nepal is keen on Indian investment in services sector. Nepal is a friendly country for India. It is a cost-effective economy and it is easy to travel for Indian businesses to Nepal.”
The event was attended by members of Council of Management of WTC Mumbai.
