'Power Summit' in Delhi aimed at investment conference

In the program, Ambassador Shankar Prasad Sharma said that day by day increasing He said that the energy resources in Nepal are useful for meeting India's energy needs. He said that there is a big market for Nepali products in India and there is a lot of space for cooperation between the governments and investors of the two countries.

He said in the program that the government of Nepal is ready to provide an investment-friendly environment to the investors and they have also taken the necessary laws and regulations. Nepal will be allowed to sell 10,000 megawatts of electricity in the Indian market in the next 10 years. He also told investors that the certainty of the market has been increased. He said that Bangladesh also has an opportunity for investors as the electricity market has opened. In a conversation with

Kantipur, Ambassador Sharma said that the entrepreneurs have been contacted to inform them about the investment conference to be held in Kathmandu on the 16th and 17th of Baisakh. He mentioned that the program is useful for increasing the attraction of investors in Nepal and expanding the network between investors from Nepal and India.

'Interaction has been beneficial in telling about the potential of investment in Nepal, what kind of policy there is and in clearing the curiosity of Indian entrepreneurs,' he said, 'It has been found that the private sector of India wants to increase investment in Nepal.'

Nepal's investment-friendly policy and India's facilitation of energy trade with Nepal have given Nepal good opportunities, he said. In the event, officials of the Independent Energy Producers Association (IPPAN) also urged Indian investors to invest in collaboration with the Nepali private sector. have done Nepali and Indian entrepreneurs involved in the energy sector participated in the

program. Nepal has set a target of producing 28,500 megawatts of electricity by 2035. It is estimated that 46 billion rupees are required for that. As this investment is not possible only from within Nepal, foreign investors are invited to invest, said Ganesh Karki, president of IPPAAN. EPPAN not only protects the interests of Nepali investors but also foreign investors He tried to reassure the Indian investors by saying that he is ready to facilitate as per the requirement of lawyer.

In the 'Power Summit' held at the Habitat Center in Delhi, Additional Secretary of the Ministry of Power of India Srikanth Nagulapalli said that the energy cooperation between the two countries is increasing. Jayaraman Punidhan, the vice-chairman of India's largest real estate conglomerate Adani Group, said that they are studying potential investment opportunities in Nepal. Officials of Uttar Bharat Hydro Power and other Indian companies have also shown their interest in Nepal's energy sector. Indian entrepreneurs have more transmission between the two countries He has also emphasized that the line should be formed. The Embassy had earlier interacted with different groups in Gujarat, Lucknow and Delhi targeting the

investment conference. So far four Ambassador Sharma said that the program is over. "We discussed Nepal's investment conference in a session of Vibrant Gujarat with a large group, and we also held a separate program with the Indian Chamber of Commerce, the Associated Chambers of Commerce and Industry and businessmen related to tourism," he said to Kantipur. He has expressed his desire to participate in the investment conference. Organizations have also released notices to inform members about Nepal's investment conference in their organizations. Hopefully, there will be good participation from here.'