In order to discuss a roadmap for strengthening bilateral relations, the All India Association of Industries (AIAI) and World Trade Centre Mumbai hosted an interactive meeting with Ms. Sujata Koirala, the former deputy prime minister and foreign minister of Nepal, head of the department of international relations, and member of the Nepali Congress’ central committee.
Ms. Koirala urged Indian investors to participate in four 400 MW hydroelectric power projects that have received all necessary clearances and are prepared for deployment in Nepal during this conference.
Ms. Sujata Koirala, Former Deputy Prime Minister & Foreign Minister of Nepal being felicitated by Dr. Vijay Kalantri, President – All India Association of Industries and Chairman – WTC Mumbai.
“Nepal and India have similar cultural, religious, and civilisational backgrounds,” she said. India has been a reliable development partner as our nation progresses economically. My goal in India is to strengthen our collaboration, particularly in sectors like mining, hydropower, healthcare, education, and tourism where there is a lot of room to grow. I extend an invitation to Indian investors to put money into the four 400 MW hydropower projects that have been designed and are prepared for deployment in our nation.
For Indian businessmen and investors wishing to engage in or grow their businesses in Nepal, Ms. Koirala promised to provide all assistance imaginable.
“There is strong people-to-people ties, tourism, and worker exchange; both countries have excellent economic cooperation.” Ms. Koirala continued, “My goal is to fortify this relationship by uniting the industries and chambers of commerce of both countries.”
“India and Nepal are not just neighbours but Sister states,” said Dr. Vijay Kalantri, President of the All India Association of Industries and Chairman of WTC Mumbai, earlier in his welcoming address. In addition to funding hydropower and infrastructural developments, India has increased its exports by purchasing electricity from Nepal.
WTC Mumbai and the All India Association of Industries (AIAI) would endeavour to enhance their collaboration in the domains of commerce, investment, tourism, and culture, Dr. Kalantri promised.
“We have hosted trade delegations from Nepal in the past, including the country’s current and former prime ministers,” Dr. Kalantri explained.
“There are many opportunities in gold mining, hospitality, and spiritual tourism,” Dr. Kalantri added. Indian investment in the services sector is highly desired in Nepal. India has a positive relationship with Nepal. For Indian companies, travelling to Nepal is simple and the economy is economical.
Members of the WTC Mumbai Council of Management attended the occasion.