He has said that the BIPPA signed Friday will be the ´gateway´ for protecting the investments. [break]
He made this remark during his close meeting with selected 18 chief executive and operating officers of leading business firms of India Saturday morning.
The meeting was attended by 10 members of FNCCI and 10 from Confederation of Indian Industries (CII) with bureaucrats of the two neighbors.
During the meeting, the CEOs firmly raised the issue of labor problem in Nepal, according to a source who attended the meeting. The delegation source said, “They (Indian CEOs) have strongly urged Nepal to create conducive environment for investments from India and highlighted the labor problem.”
On labor issue, the PM has said that at a time of change and transition from irrigation based labor to industry, such problems come up. But he has assured them that all irritants will be corrected and he will take up in particular the problems faced by Dabur Nepal.
“I feel shame and deeply upset by the Dabur incident. We will correct it,” the source quoted PM as telling the CEOs. The PM also said that since new situation is emerging, investment opportunities will also improve in Nepal.
The meeting was also attended by Nepal´s finance minister and industry minister. The team of CII included past president of CII and chairman of NICCO Corporation Rajiv Kaul, Chandrajeet Banerjee, director general of CII, R P Singh, managing director of Sutlej Jal Bidut Nigam, G Subha Roy, president GMR, and Amlesh Dawan, managing director of Voith Hydro.
Similarly Ashok Haldiya of PTC India, Bharat Wakhlu, resident director of TATA, Udyen Ganguly the CEO of Darbur Nepal Pvt Ltd, Major general Ashok Krishna, director of MITY India, V K Mathur, chaiman of INAPEX Ltd, RR Malik, regional director south and west from Alstom project, U B Choni, chairman Oversees Infrastructure Limited, Harbinder Manocha of GMR, Sanjiv Utpal of SJVN Ltd, Kuldeep Koli of Essar, Arun Srivastav of TATA Power, Nalini Singh from media were among the participants at the meeting.
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) team led by president Suraj Vaidya included Padma Jyoti, Chandi Raj Dhakal, Bhaskar Raj Rajkarnikar and Diwakar Golchha, among others.
“It (meeting) was cordial and very positive with good gestures,” Vaidya said after the meeting, adding, “BIPPA will create some confidence among Indian investors and generate employment and help narrow the trade imbalance for Nepal.”
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