New Delhi, January 23, 2017: Embassy of Nepal in New Delhi along with Uma Ventures based in Silicon Valley, USAÂ on January 21 organized a conferenceÂ with Indian investment and business community to discuss about investment and business opportunities in Nepal. Being held at the EmbassyÂ premises at Barakhamba Road, New Delhi, the conference was attended by Indian businesses doing business in Nepal and those interested for the same.
Ambassador of Nepal to India Mr. Deep Kumar Upadhyay delivered the opening remarks, and thanked the organizers for helping inÂ hosting the conference and presenting his views about Nepal market. Professionals and business persons who are doing business in Nepal or have analyzed Nepal investments also spoke on the occasion, and discussed in detail about the regulatory environment.
“Nepal is strategically located between India and Nepal. Nepal shares an open border with India. There are many treaties that Nepal and India have jointly signed to facilitate cross-border business,” said Ambassador Upadhyay. There are thousands of international businesses operating out of Nepal, and India represents the largest portion of foreign investment in Nepal, he added. A similar statement was echoed by Deputy Chief of Mission Mr. Krishna Prasad Dhakal.
Mr. Dhakal continued by saying that the signing of the India-Nepal Treaty of Peace and Friendship in 1950 established the framework for the unique ties between India and Nepal. â€œIndia is Nepal’s important trade partner, and also a major source country of Nepal’s foreign direct investment,â€ he shared. Dhakal further said that due to geographical proximity, socio-cultural linkages and increased interactions between the two peoples, trade, commerce and economic cooperation have been expanding along with the growth in other aspects of the bilateral relationship.
The attendees at the conference were able to explore the potential Nepal business opportunities, get familiar with the treaties and meet people who are either doing business in Nepal or considering entering into the Nepal market.
Ash Shrivastav of Uma Ventures said that there are many investment funds investing in the emerging markets but it’s extremely rare that a Fund has considered Nepal. Although Nepal is located between world’s two largest economies, Nepal has been overlooked, he said.
Several private equities, venture capital, asset management and Indian companies attended the conference. Guests mostly comprised of Indian and international business leaders who do business in Nepal. The conference aimed to connect experienced business leaders who have been operating businesses in Nepal and have extensive knowledge of Nepal market, opportunities and the challenges with the guest companies.
AÂ similar conferenceÂ is being organized in Kathmandu on February 11, 2017 where international business leaders and investment funds are expected to attend.