Diplomacyindia.com


Economic transformation our top priority now, says Nepal President

Economic transformation our top priority now, says Nepal President
April 18
19:15 2017

New Delhi, April 18 (IANS) Nepal President Bidhya Devi Bhandari on Tuesday said that after its political transformation, socio-economic transformation is Nepal’s top priority and the country is keen to benefit from India’s tremendous progress.

“Nepal has undergone political transformation of historic proportion in recent years. Now socio-economic transformation is our topmost priority. If not backed by economic transformation, political transformation cannot be sustainable,” Bhandari said at an event here organised by industry chambers CII, Ficci and Assocham.

She said achievements made by India in economic, social, scientific and other fields are remarkable and Nepal is keen to benefit from India’s success.

“For Nepal, India remains the largest trading partner… We are closely engaged in SAARC, BIMSTEC and BBIN and these regional and sub-regional platforms could be made more effective in delivering results,” she said.

Emphasising that Nepal treats the private sector as a partner for development, Bhandari pointed out that Nepal has opened up almost every sector for foreign investment, including manufacturing, hydropower, tourism, services, mining and agro-based industries.

“The government is committed to creating a climate conducive to investment… the administrative procedures have been streamlined and made business-friendly.

“No discrimination is made between Nepali and Indian investors. Numerous similarities make us natural partners. BIPPA (Bilateral Investment Promotion and Protection Agreement) with India is under consideration for ratification while the double taxation avoidance agreement has already been signed,” the Nepali President said.

Inviting the Indian businesses to invest in her country, Bhandari said a prosperous Nepal will also be “in the interest of our neighbourhood and beyond”.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

Social Icons

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on an eventful journey of Indian Passport through its serveral phases, fast expanding network of passport seva kendras, evergrowing numbers, citizen centric service & new Initiatives

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on safety & security features of the passport documents in an era of digitalisation his cherished moments & milestones as “Passport Man” of India tranforming the entire passport landscape.

Diplomacyindia.com Video Interview : Mrs. Reva Ganguly Das (IFS) Director General, Indian Council of Cultural Relations Speaking on Yoga Day Celebrations

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on the journey of ISA so far, guiding principles, vision & priority areas & programmes for ISA.

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on expanding rank of international solar alliance & opening the membership to the countries beyond tropics.

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H.E. Mr. Jozef Drofenik speaking on Bilateral Relations and Trade between India and Slovenia

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H. E. Mr. Jozef Drofenik speaking on Tourism in Slovenia

Pictures of Formal Launch of Website Diplomacyindia.com

Knowledge Partner

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP Facebook Auto Publish Powered By : XYZScripts.com