A Post Investment Summit India-Nepal B2B Meet in Kathmandu

Embassy of India, Kathmandu in collaboration with the Investment Board of Nepal (IBN) and Nepal India Chamber of Commerce and Industry (NICCI) organized a Post Investment Summit India-Nepal B2B Meet in Kathmandu today. 

The B2B meeting was attended by 35 delegates from Millennium India International Chamber of Commerce and Industry (MICCIA) and Nepal India Chamber of Commerce and Industry covering energy, agriculture, construction, tourism, cold chain, medical devices, finance, consultancy and law sectors

Speaking at the event, Ms. Shreejana Rana, President, NICCI identified hydropower, tourism and agriculture as potential areas for cooperation between Indian and Nepali businesses. Ambassador Anil Trigunayat, President, MICCIA appreciated the recent bilateral connectivity initiatives and the importance of B2B connections in taking India-Nepal Economic Partnership forward. Mr. Ramesh Adhikari, Under Secretary, IBN summarized and welcomed Indian investors to do business in Nepal. He appreciated the more than 50 members strong Indian delegation from FICCI, CII, ICC, MICCIA as well as several individual businesses who had productive meetings at the 3rd Nepal Investment Summit from 28-29 April 2024.

The B2B meet witnessed the signature of an MOU for cooperation between MICCIA and NICCI. Indian delegates were also provided a copy of the 3rd edition of Handbook for Indian Investors Investing in Nepal, which had been unveiled a day before by Mr. Barshaman Pun, Hon’ble Finance Minister of Nepal. 

The Handbook can be downloaded at 

https://www.indembkathmandu.gov.in/docs/Invest%20in%20Nepal_d020%20(final).pdf

Press Release - Embassy of India, Nepal 

India built High Impact Community Development Project in Chitwan, Nepal

The Embankment and Launching Apron Dhungre Khola River Training Works project at Khairahani Municipality, Chitwan, built with Government of India’s financial assistance at the tendered cost of NRs.36.74 million under ‘Nepal-India Development Cooperation’ was  inaugurated today jointly by  Mr. Shashi Kumar Khaniya, Mayor, Khairani Municipality and Shri Avinash Kumar Singh, First Secretary, Embassy of India, Kathmandu. Public representatives, Government officials, representatives of project user committee and social workers were also present on this occasion. 

The Government of India grant under ‘Nepal-India Development Cooperation’ was utilized for the Construction of Embankment and Launching Apron Dhungre Khole River Training Works at Khairahani Municipality, Chitwan for the people of local community. The project is taken up as a High Impact Community Development Project (HICDP), under an Agreement between Government of India and Government of Nepal. This project was implemented through Khairahani Municipality, Chitwan.  The project is an important example of the robust development partnership between India and Nepal. 

Mayor, Khairahani Municipality and representatives of project user committee in their remarks appreciated the continued developmental support of the Government of India in upliftment of the people of Nepal in priority sectors.

This HICDP-Embankment and Launching Apron Dhungre Khole River Training Works will help to stop agricultural land erosion, deforestation, frequent eviction of locals due to river flood flow and mitigating the risk associated with river dynamics and fostering resilience against natural calamities. 

Since 2003, Government of India has taken up over 551 HICDPs in Nepal in various sectors and has completed 489 projects. Amongst these, 106 projects are in Bagmati Province in various sectors, which include 9 projects in Chitwan. In addition to these, Government of India has gifted 1009 ambulances and 300 school buses to various hospitals, health posts and educational institutions in Nepal on the occasion of Independence Day and Republic Day of India. Amongst these, 236 Ambulances and 99 School Buses have been gifted in Bagmati Province, including 17 ambulances and 5 school buses provided in Chitwan District. 

As close neighbours, India and Nepal share wide-ranging and multi-sectoral cooperation. The implementation of HICDPs reflects the continued support of the Government of India in bolstering the efforts of the Government of Nepal in upliftment of its people, augmenting infrastructure in the field of priority sector in Nepal.  

Press Release - Embassy of India, Nepal 

India laid foundation stone and inauguration of High Impact Community Development Projects in Darchula, Nepal

The Foundation stone was laid today by Mr. Mangal Singh Dhami, Chairperson, Byas Rural Municipality  and Shri Prashant Kumar Sona, Second Secretary, Embassy of India, Kathmandu for the construction of  Shree Himalaya Secondary School Building at Byas Rural Municipality-6, Darchula, being built with Government of India’s financial assistance at the tendered cost of NRs.28.20 million. Further, Mr. Narendra Bahadur Singh Badal, Chairperson, Duhun Rural Municipality and Shri Prashant Kumar Sona, Second Secretary, Embassy of India, Kathmandu was jointly inaugurated School building of Shree Janabikash Secondary School at Duhun Rural Municipality, built at project cost of NR.33.70 million, under ‘Nepal-India Development Cooperation’. Political representatives, government officials, social workers, representative of the school management,  teachers, parents and students were also present on this occasion. 

The Government of India grant under ‘Nepal-India Development Cooperation’, will be utilized for the construction of double storied school building, toilet block, boundary wall and entry gate with other facilities for Shree Himalaya Secondary School at Byas Rural Municipality. Also, the GoI grant was utilized for the construction of a school building with other facilities for Shree Janabikash Secondary School, Duhun Rural Municipality. These projects taken up as a High Impact Community Development Project (HICDP), under an Agreement between Government of India and Government of Nepal. The projects being implemented through Byas Rural Municipality for Shree Himalaya Secondary School and Shree Janabikash Secondary School, was implemented through Duhun Rural Municipality, Darchula. The project is an important example of the robust development partnership between India and Nepal. 

Chairpersons Byas Rural Municipality and Duhun Rural Municipality in their remarks appreciated the continued developmental support of the Government of India in upliftment of the people of Nepal in priority sectors. 

The new school buildings would be useful in providing better education facilities to students of Shree Himalaya Secondary School and  Shree Janabikash Secondary School in Darchula, Nepal and would create an improved environment for learning as well as contribute to the development of the education in this area.   

Since 2003, Government of India has taken up over 551 HICDPs in Nepal in various sectors and has completed 489 projects. Amongst these, 40 projects are in Sudurpashchim Province in various sectors, which include 10 projects in Darchula. In addition to these, Government of India has gifted 1009 ambulances and 300 school buses to various hospitals, health posts and educational institutions in Nepal on the occasion of Independence Day and Republic Day of India. Amongst these, 60 ambulances and 20 school buses have been gifted in Sudurpashchim Province, including 8 ambulances and 2 school buses provided in Darchula District. 

As close neighbours, India and Nepal share wide-ranging and multi-sectoral cooperation. The implementation of HICDPs reflects the continued support of the Government of India in bolstering the efforts of the Government of Nepal in upliftment of its people, augmenting infrastructure in the field of priority sector, especially in the education sector in Nepal.  

Press Release - Embassy of India, Nepal