KATHMANDU, April 28: Ambassador of India to Nepal, Naveen Srivastava, has assured of encouraging Indian companies to invest in Nepal.
In his address to the opening session of the Third Nepal Investment Summit 2024 in Kathmandu on Sunday, Ambassador Srivastava emphasized that promoting investment in Nepal from India would not only boost trade facilities but also create more trade opportunities. He highlighted the significance of Nepal's export of power to India to enrich bilateral relations.
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The ambassador reiterated India's commitment to enhancing investment in Nepal in the coming days. He said that Nepal and India are actively collaborating in various sectors, including the establishment of integrated check posts, trans-border electricity transmission facilities and energy trade.
On the same occasion, Yingming Yang, the Asian Development Bank's Vice Chair for South, Central, and West Asia, shed light on investment opportunities in Nepal across various sectors. The ADB Vice Chair highlighted Nepal's vast potential in natural resources, agriculture, green energy, tourism, and trade.
The ADB is actively exploring investment prospects in Nepal and is committed to scaling up cooperation and collaboration with stakeholders to facilitate private sector involvement.
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