India Promises to Boost Investment in Nepal

India’s ambassador to Nepal, Naveen Srivastava, has pledged to encourage more Indian companies to invest in Nepal. Speaking at the opening session of the Third Nepal Investment Summit, Ambassador Srivastava highlighted the mutual benefits of increased trade and investment opportunities, particularly emphasizing the role of Nepal’s power exports in enhancing bilateral relations.

Ambassador Srivastava reaffirmed India’s commitment to deepening investment in Nepal, noting active collaborations in several key sectors. These include the development of integrated check posts and trans-border electricity transmission facilities, which are expected to further bolster energy trade between the two nations.

Adding to the discourse on investment potential, Yingming Yang, the Asian Development Bank’s Vice Chair for South, Central, and West Asia, detailed the diverse opportunities in Nepal. He underscored the country’s rich natural resources, agricultural potential, green energy prospects, vibrant tourism, and burgeoning trade sectors. The ADB Vice Chair assured that the bank is keen to expand cooperation and facilitate more private sector engagement in Nepal.