Tuesday, March 15, 2011

Attracting more FDI key to economic development: DPM

Deputy prime Minister and finance minister Bharat Mohan Adhikari said that Nepal needs to attract foreign direct investment (FDI) in the hydropower, infrastructure and mines sectors.
"Nepal needs to attract more FDI from other countries including from India,” he said, inaugurating the 16th annual general meeting (AGM) of Nepal India Chamber of Commerce and Industry (NICCI) here in the valley today.
“The current security related issues are temporary because of the transition period the country is passing through,” he said, adding that Nepal should think of increasing its exports and take advantage from the rising economic powers like China and India. “India’s help is crucial in solving the power crisis and boost for the economic development,” he added.
“India has contributed a lot to the development of Nepal,” said Indian ambassador to Nepal Rakesh Sood. “Around 45 per cent of FDI in Nepal is from India, he said, adding that the Indian investments in Nepal have generated some 30,000 jobs directly and the double the number indirectly to the Nepalis.
However, he complained of the discouraging investment environment in Nepal for the Indian investors currently. “The current issues have discouraged the new investments from India,” he said, also urging Nepal to check on diversion of third country goods to India and Intellectual Property Rights violation of the popular Indian brands.
Sood opined that the NICCI can play a key role in boosting Indian investors confidence and further strengthen the bilateral economic and trade ties.
On one hand trade ties with India is increasing and the other the trade deficit is also increasing that has doubled to Rs 317 billion between 2008 and 2010.
"Nepal has to think on how to bridge the trade deficit gap,"
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) president Kush Kumar Joshi, said, adding that Nepal could not take advantage of the Nepal-India Trade Treaty -- due to its own internal reasons -- that could help reduce the trade deficit.
Joshi also urged to open custom points and expedite refund of excise duty as stated in the treaty. Similarly, Nepal Chambers of Commerce (NCC) president Surendra Bir Malakar also requested to simplify the cross border trade. "Revised trade treaty between the two South Asian neighbours has addressed many issues," he said, adding that both the countries should encourage formal trade.
Welcoming the guests, NICCI president Arun Kumar Chaudhary said that Nepal could not harness the hydropower despite the regular power outage that could derail the development in the long run. "More than trade deficit, Nepal is suffering from Balance of Payment (BoP) deficit," he said, adding, there will be more issues once the trade increases. "The NICCI is playing the role of facilitator in the issues," he added.
NICCI has been established in 1994 to promote or make arrangements for promoting contacts and co-operation among industrialists, businessmen and other professional groups of Nepal and India, and work as a non-profit-making organisation.

Change of guard
KATHMANDU: NICCI on Tuesday elected its new team led by Sanjiv Keshava, general manager of Surya Nepal. He was executive committee member in the last committee led by Arun Kumar Chaudhary.

14 comments:

Anonymous said...

Have you ever considered creating an e-book or
guest authoring on other blogs? I have a blog based
upon on the same information you discuss and would love to have you
share some stories/information. I know my viewers would appreciate your work.
If you are even remotely interested, feel
free to send me an e mail.

My page :: facebook of sex

Anonymous said...



Feel free to visit my website ... free website for dating

Anonymous said...



My web blog ... a free dating website

Anonymous said...

I additionally believe that mesothelioma is a scarce
form of cancers that is often found in these previously subjected to asbestos.
Cancerous cells form while in the mesothelium,
which is a safety lining that covers the majority of the body's body organs. These cells usually form in the lining in the lu

My web-site http://cvtvchannel.com

Anonymous said...

Needed to compose you this little word to finally say thank you again about the unique methods you have shared on this page.
It is quite shockingly open-handed of people like you to give easily what
exactly most of us would have made available as an ebook in making some dough for themselves, chiefly given that you might well have done it if you ever decided.
These inspiring ideas likewise acted like the good way to fully grasp many people have the same eagerness
much like my very own to know the truth a good deal more
in regard to this matter. Certainly there are a lot more pleasurable opportunities in the future for individuals who see your website.


Here is my blog moparwiki.org

Anonymous said...

Nice blog! Is your theme custom made or did you download it from somewhere?
A theme like yours with a few simple adjustements would really make
my blog jump out. Please let me know where you got your
design. Many thanks

Feel free to surf to my homepage skype sex

Anonymous said...

Yet another thing to mention is that an online business
administration program is designed for scholars to be able to well proceed to bachelor's degree courses. The 90 credit certification meets the other bachelor college degree requirements and once you earn your own associate of arts in BA online, you should have access to the most recent technologies in this particular field. Some reasons w students would like to get their associate degree in business is because they are interested in the field and want to have the general education necessary just before jumping in a bachelor education program. Thx for the tips you actually provide with your blog.

My weblog :: facebook sex

Anonymous said...

I have noticed that in unwanted cameras, extraordinary devices help to aim automatically.
The particular sensors with some video cameras change in in the area
of contrast, while others employ a beam with infra-red (IR) light, especially in low lighting.

Higher specification cameras occasionally use a mixture of both models
and could have Face Priority AF where the digicam can 'See' any face and focus
only in that. Thanks for sharing your ideas
on this blog.

My web page - adult sex

Anonymous said...

In this awesome scheme of things you actually secure an A
for hard work. Where you actually confused me ended up being on all the
facts. As it is said, the devil is in the details.
.. And it couldn't be much more true here. Having said that, permit me tell you precisely what did work. The article (parts of it) can be pretty persuasive and that is most likely the reason why I am taking an effort in order to opine. I do not really make it a regular habit of doing that. Secondly, whilst I can certainly see the jumps in logic you make, I am not sure of how you seem to unite the details that make the actual final result. For right now I will, no doubt yield to your point however trust in the future you link your dots much better.

Take a look at my webpage ... fuckbook

Anonymous said...

Wow, superb blog layout! How long have you been blogging for?
you made blogging look easy. The overall look of
your website is fantastic, let alone the content!


My webpage: cyber sex

Anonymous said...

I'm still learning from you, but I'm making my
way to the top as well. I definitely enjoy reading all that is posted on your website.
Keep the tips coming. I enjoyed it!

Feel free to visit my blog post ... fuckbook

Anonymous said...

Good day! I could have sworn I've been to this site before but after checking through some of the post I realized it's new to me.

Anyways, I'm definitely happy I found it and I'll be book-marking and checking back often!


My homepage facebook sex

Anonymous said...

ngs, belly, or the sac that really encircles one's heart. Thanks for discussing your ideas.

Feel free to surf to my weblog fuck book

Anonymous said...

to learn more купить tramadol online - tramadol snort get high