India Ready To Invest: Rae

India Ready To Invest: Rae

Dec. 14, 2013, 5:45 p.m. Published in Magazine Issue: Vol: 07 No. -12 Dec. 13- 2013 (Mangsir 28, 2070)

Ambassador of India to Nepal Ranjit Rae has said that India is ready to invest in Nepal if the government of Nepal creates a favorable environment for investment.

Speaking at a Border Trade Symposium, organized in Bhadrapur by the Embassy of India and Jhapa Chamber of Industry, Rae pointed out the need for bilateral collaboration to attract investment.

“There is a need for trade expansion between the two countries. The private sector of India is ready to invest in Nepal, but, for that, effort should be made by the Nepali private sector as well,” said Rae.

At the symposium, Nepali entrepreneurs raised the problems they faced at the border and urged the concerned stakeholders to solve these problems. Jhapa and Ilam-based entrepreneurs said they have been facing the border problems while importing goods from India.

Industrialists associated with Jhapa Chamber of Industry also informed Rae about the problems faced due to the delay in the construction of Mechi Bridge and Charali-Chandragadhi-Kechana road sector along the Mechi Highway

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