Ashok Temani, president of Federation of Nepal Chamber of Commerce and Industry, Madhesh Province, pointed out the need for policy reform in Nepal-India trade.
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Stakeholders have said that although the relationship between the people of Nepal and India is good at the public level, bilateral trade has not achieved the expected success due to the lack of good relationship at the government level. The speakers expressed this opinion at the India-Nepal Economic Partnership Conference organized by Nepal India Chamber of Commerce and Industry in Birganj on Wednesday.
Ashok Temani, president of Federation of Nepal Chamber of Commerce and Industry, Madhesh Province, pointed out the need for policy reform in Nepal-India trade. He said that Nepali industrialists have been suffering from this problem for a long time. He said that while exporting goods from Nepal to India and importing goods from India to Nepal, it is sad that there are various kinds of obstacles from the Indian side. He said that although people-to-people relations are good, bilateral trade is not getting the expected success because the relations between the two countries are not good. Abhishek Chaudhary, secretary of the
organizing association, emphasized on building public partnerships that would benefit both Nepal and India. He said that Birgunj should be made not only a gateway but also an infrastructure for common prosperity.
Hari Gautam, President of Birgunj Industry and Commerce Association, pointed out that India and Nepal have the potential to do many partnership works in the fields of hydropower, agriculture, tourism, etc. He said that if only 2 percent of the total religious tourists who visit Ayodhya can be brought to Janakpur, Nepal's tourism will take a big leap. He suggested that the two countries can also cooperate in technical education.
chief guest Dr. Madhesh Province Policy and Planning Commission Vice Chairman. Sohan Shah said that illegal smuggling has directly affected the trade relations of both countries. He also said that the investment of Indian companies in Madhesh is less compared to other provinces. He said that it is sad that India's investment in Nepal is declining. He said that economic prosperity is possible when both countries cooperate in water resources and tourism.
Devi Sahay Meena, Consul General of the Indian Consulate General in Birgunj, suggested that Nepal should focus more on hydropower production as India and Bangladesh are big markets for Nepal's electricity. He was of the opinion that since India is a major export destination of Nepal, Nepal should prioritize export trade with India. He also said that India is willing to share its development experience with Nepal.
