Nepal

[Nepal] - Conversation on connectivity status and projects in between Nepal and North East India held

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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 India, she stated.

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 tasks in Nepal.

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 Mathema.

# 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




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