INSUBCONTINENT EXCLUSIVE:
Kathmandu, February 2Today a conference in between the authorities of Nepal-India Chamber of Commerce and Industry (NICCI) and North East
Development Finance Corporation Ltd (NEDFi) occurred at NICCI Secretariat.
Ninth St
Xavier College cycle rally to be held on February 4
AOAN goes over direct flights in between Nepal and Japan
The meeting was chaired by
NICCI President Shreejana Rana
She welcomed all the members of the NEDFi team and notified briefly about the NICCI - its goals, past, present and future activities, to
name a few.
Considering that Rana is from the tourist background, she even more informed the Indian team that NICCI has facilitated
arranging second joint working group (JWG) conference of Nepal and India on June 6, 2018 where the federal governments as well as the
private stakeholders existed from both the countries and went over the points on leave travel concession, overland travel issues-air
connectivity/road connectivity, joint promo of tourist between Nepal and India developing religious circuits in both the nations and agreed
joint tourism promo in between the 2 nations
Now NICCI has actually dealt with developing a coffee table book on spiritual circuits for the promotion of tourist between Nepal and
Rana even more notified the Indian team that NICCI has constituted nine different working committees to care for the concerns of various
sectors and they are dealing with the associated problems, respectively.Rana even more stressed on the prospects and opportunities and
difficulties in sell different sectors between the 2 countries as Nepal has big capacity in hydropower projects, infrastructure,
SMEs-agriculture, tourism, etcetera and the partnership in such sectors might be beneficial to financiers along with governments of both the
countries.Rajan Sharma, convener of Trade and Transit Committee, highlighted that at present the custodian right of Nepali products remains
in the hands of the Indian clearing agents
This is a huge problem as the legal provisions shift the liability to the clearing representative
The provisions need to be to involve the Nepali freight forwarders and hold them accountable with agency cooperation between the CHA and
Nepali freight forwarders, he opined.He even more stated that the electronic freight tracking system between India and Nepal includes a
charge of at least INR 3,400 per container
This is too expensive and Nepali importers need to not be made to pay such charges for tracking the transit freight within Indian territory
Convener of Energy Committee Batu Lamichhane likewise highlighted the existing status of power generation, power trade status between Nepal
and India.He informed that Nepal has surplus energy throughout the wet season -producing 3,339 MW (in year 2022) of which Nepal has surplus
of 1,205 MW and last year throughout the monsoon season NEA had exported 364 MW to India
Nepal has plans and policies to establish more than10,000 MW power by next years
As India has been satisfying 50 percent of power demand through coal base energy, if the power could be provided through Nepal the coalbased
power could be changed in India
So, there are huge potential customers in power sector, and there are huge chances for the Indian investors to come and purchase hydropower
From the Indian side, NEDFi Chairman and Managing Director PVSLN Murty, NEDFi Executive Director SK Baruha, Senior Professor of Jawaharlal
Nehru University Prof Mahendra P Lama, Senior Consultant at NEDFi Abhijit Kumar Bezbarua, Manager at NEDFi Abhisek Lama, existed whereas
from Nepali side, other NICCI officials consisted of Vice-President Harkirat Singh Bedi, Secretary General Ramesh Sharma, Co-convener of SME
Committee Dammar Khanal, Director General of NICCI Keshab Man Singh, Deputy Director of NICCI Marshal Rathour and Consultant of NICCI Luja
# 13;
A version of this article appears in the print on February 3, 2023, of The Himalayan Times
This article first appeared/also appeared in https://thehimalayantimes.com
