In a welcome move, Nepal Embassy has reached out to Indian enterprises offering their support on tax and infrastructure facilitation. The embassy in collaboration with The Federation of Indian Chambers of Commerce and Industry (FICCI) held an investment seminar in Mumbai on ‘Indo-Nepal Trade and Investment Opportunities’ recently.
Bilateral trade between the two countries, has grown exponentially from 3631.94 million dollars in 2012-13 to 5892.72 million dollars in 2016-17.
Indian firms like ITC, Dabur India, Hindustan Unilever and MTNL, operating in Nepal in manufacturing, services (banking, insurance, dry port, education and telecom), power sector and tourism industries, remain the biggest investors in the country.
Communist leader KP Oli as likely Prime Minister and CPN-Maoist chief Prachanda as junior partner, a Left Alliance government will take charge in Kathmandu soon. With Nepal’s friendly relations with China, new investment opportunities from China in the country are expected in the future.
Though Nepal has shown its willingness to get Chinese investments in infrastructure and energy projects, Krishna Hari Pushkar, Minister- economic in the Embassy has indicated plenty of investment opportunities for Indian enterprises. Expanding sectors like hydro-power, infrastructure, tourism, agro-based industries, health, mining, minerals, education, IT, manufacturing, and construction are some potential areas for investment.