Call to promote Nepal-India Startup Ecosystem Connect

Stakeholders and experts have suggested that agencies should promote connection of innovation-based startup ecosystems between Nepal and India.

At an interaction on ‘India-Nepal Startup Connect’ organized by the Embassy of India, Kathmandu, in association with the Confederation of Nepalese Industries Young Entrepreneur Forum on Tuesday, the speakers called for further collaboration in financial technology and to bring together the startup ecosystems from both the countries.

The event focused on fostering a connection between Indian and Nepali startup ecosystems, according to a press statement by the Embassy of India, Kathmandu.

On the occasion, Governor of Nepal Rastra Bank Maha Prasad Adhikari said that 2023 would be the year for promoting the digital payment system and urged for further cooperation between Nepal and India on fintech.

He said that cross border payment and QR payment should be advanced as the potential area of further cooperation.

Also speaking at the event, Naveen Srivastava, Ambassador of India to Nepal, mentioned the importance of digital public goods in enabling financial inclusion and startups.

Likewise, Joint Secretary at the Ministry of Industry, Commerce and Supplies Babu Ram Gautam delivered a presentation on “Startup Opportunities in Nepal”.