A delegation of PHD Chamber of Commerce and Industry (PHDCCI) that recently visited Nepal discussed ways for promoting priority sectors in the country and bringing investment to support the identified sectors.

The delegation led by Anil Khaitan, president of PHDCCI, arrived in Nepal on June 12 for a three-day visit.

PHDCCI delegation met with Prime Minister K P Sharma Oli and discussed ways to promote priority sectors in Nepal.

Prime Minister Oli had commended the efforts of PHDCCI and assured full support for the proposed deliberations to enhance economic co-operation between India and Nepal.

The visiting PHDCCI delegation to Nepal had a purposeful meeting with India’s ambassador to Nepal Manjeev Singh Puri. The delegation had roundtable meetings with its institutional partners — Management Association of Nepal (MAN), Confederation of Nepalese Industries (CNI) and Nepal Chamber of Commerce (NCC).

The meetings created a framework for joint programmes and India-Nepal Centre’s works in India and Nepal. MAN, CNI and NCC also assured supporting the India-Nepal Centre institutionally and making it a formidable platform — for bilateral economic cooperation.

The delegation also had a meeting with Federation of Nepalese Chamber of Commerce and Industry (FNCCI) and Investment Board of Nepal (IBN). With the latter, the delegation had a detailed interaction on the crucial points that determine the investment prospect in Nepal. IBN CEO Maha Prasad Adhikari had presented before the delegation the opportunities in Nepal and how IBN will be facilitating the entry of new businesses in country.

The visit was concluded by a meeting with Pradeep Kumar Gyawali, Minister for Foreign Affairs, Nepal.

The Minister was apprised about the PHDCCI’s newly formed India-Nepal Centre and further plans and action, on which, he hailed the works being done by PHDCCI for Nepal and committed full support on behalf of Ministry of Foreign Affairs, Nepal.

As the institutional cooperation between the two countries have been equally profound and shaped through the finer elements of bilateral relations, businesses on both sides have thrived.

To celebrate and further accentuate it, PHDCCI in collaboration with its institutional partners in Nepal aim to continue the ongoing efforts for strengthening further the economic co-operation between India and Nepal.

Remarkably, India-Nepal Centre is the lone institutional initiative from any industry association in India.