Prerana Marasini
Third Power Summit begins in Kathmandu
KATHMANDU: With a key point of developing Nepal as one of the important electricity producers for India, the third Power Summit has begun in Kathmandu from Tuesday.
Speaking at the inaugural ceremony, India’s Minister of State for Commerce and Power, Jairam Ramesh, said trade in electricity with India could bring Nepal financial benefits.
“Nepal’s electricity potential could be used to attract Indian investments in electricity-intensive industries which could bridge Nepal’s trade deficit with India.”
According to government figures, Nepal’s trade deficit with India was more than Nepali Rs. 105 billion (Rs. 6,543.60 crore) last year alone. A message sent by Prime Minister Pushpa Kamal Dahal, Prachanda (who is now in the U.S.) said the government could not sustain the deficit for long.
Investment assurance
Nepal’s deputy Prime Minister and Home Minister, Bam Dev Gautam, requested foreign investors to feel safe in investing in Nepal. He said the new government was committed to providing peace, security, and stability needed for the developmental projects to proceed.
Meanwhile, Mr. Jairam Ramesh told The Hindu that the recent visit of Nepal’s Prime Minister to India was helpful in ‘reassuring’ the Indian investors.
Infrastructure
Mr. Jairam Ramesh has said that India wanted to build most modern infrastructure in its trade transits in Nepal. “We are basically looking at building roads, quick immigration facilities, banking and communication facilities in the trade centres,” he told reporters in Kathmandu, before flying to Birgunj.
Accompanied by Nepal’s Minister for Commerce and Supplies, Rajendra Mahato, Mr. Jairam Ramesh would be visiting Raxaul on Wednesday.
Non-tariff barriers
In order to revise the existing trade and transit agreements, as said in the joint statement, Mr. Jairam Ramesh told The Hindu that India was ready to lift the ‘identified’ non-tariff barriers imposed on goods exported to India.
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Third Power Summit begins in Kathmandu
KATHMANDU: With a key point of developing Nepal as one of the important electricity producers for India, the third Power Summit has begun in Kathmandu from Tuesday.
Speaking at the inaugural ceremony, India’s Minister of State for Commerce and Power, Jairam Ramesh, said trade in electricity with India could bring Nepal financial benefits.
“Nepal’s electricity potential could be used to attract Indian investments in electricity-intensive industries which could bridge Nepal’s trade deficit with India.”
According to government figures, Nepal’s trade deficit with India was more than Nepali Rs. 105 billion (Rs. 6,543.60 crore) last year alone. A message sent by Prime Minister Pushpa Kamal Dahal, Prachanda (who is now in the U.S.) said the government could not sustain the deficit for long.
Investment assurance
Nepal’s deputy Prime Minister and Home Minister, Bam Dev Gautam, requested foreign investors to feel safe in investing in Nepal. He said the new government was committed to providing peace, security, and stability needed for the developmental projects to proceed.
Meanwhile, Mr. Jairam Ramesh told The Hindu that the recent visit of Nepal’s Prime Minister to India was helpful in ‘reassuring’ the Indian investors.
Infrastructure
Mr. Jairam Ramesh has said that India wanted to build most modern infrastructure in its trade transits in Nepal. “We are basically looking at building roads, quick immigration facilities, banking and communication facilities in the trade centres,” he told reporters in Kathmandu, before flying to Birgunj.
Accompanied by Nepal’s Minister for Commerce and Supplies, Rajendra Mahato, Mr. Jairam Ramesh would be visiting Raxaul on Wednesday.
Non-tariff barriers
In order to revise the existing trade and transit agreements, as said in the joint statement, Mr. Jairam Ramesh told The Hindu that India was ready to lift the ‘identified’ non-tariff barriers imposed on goods exported to India.
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