Nepal invites Indian investment, offers support on tax, infra

South Asian nation Nepal, today invited Indian businessmen to explore investment opportunities.

The Himalayan nation offered all possible support in potential areas of cooperation in the realm of tax structure, infrastructure, special rights and exemptions and redressal of single window grievances.

"It's an opportune time to invest in Nepal with bilateral trade on the upswing and we assure Indian industry that our government would provide all possible support to investors," Embassy of Nepal Charge d'Affairs Bharat Kumar Regmi said here.

Regmi was speaking at a seminar on 'Indo-Nepal Trade and Investment Opportunities' organised by FICCI to identify and promote emerging business opportunities between the two countries in the potential areas of cooperation.

Bilateral trade between India and Nepal has grown from USD 3631.94 million in 2012-13 to USD 5892.72 million in 2016-17 and Nepal is keen that Indian businesses invest on a large scale, especially at a time when the Himalayan Kingdom is witnessing the last leg of the transitional period, he said.

Krishna Hari Pushkar, minister-economic, embassy of Nepal, outlined the expanding business opportunities in Nepal in hydro-power, infrastructure, tourism, agro-based industries, health, mining and minerals, education, IT, manufacturing, construction.

Addressing the gathering, the cultural counsellor from the Nepal Embassy, Krishna Prasad Pantha, highlighted the need to strengthen people-to-people links between the two countries and deepen the multi-cultural relations between India and Nepal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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