Trade and investment linkages between Nepal and Bangladesh discussed

Kathmandu, Jan 30: The Embassy of Nepal in Dhaka has organized a programme on “Trade and Investment Linkages between Nepal and Bangladesh” in the Bangladeshi capital on Wednesday.    

In his welcome remarks, Ambassador Ghanshyam Bhandari highlighted the growing economic engagements between Nepal and Bangladesh and shed light on the progress achieved in sectors such as trade, connectivity, energy, and tourism, among others, the Embassy stated in a press release.    

On the occasion, the Ambassador referred to the first-ever flow of 40 MW hydroelectricity from Nepal to Bangladesh and underscored that energy cooperation provides mutual benefits not only to the two countries but also to the entire South Asia region. He also urged Bangladeshi business leaders to build synergetic partnerships with Nepal’s business community and utilize investment opportunities available in Nepal.    

Speaking as the Special Guest, Chief Executive Officer of Investment Board Nepal Sushil Gyewali, made a comprehensive presentation on Nepal’s investment climate, opportunities, and priority sectors.    

He outlined Nepal’s strategic initiatives to create a conducive environment to attract foreign direct investment and elaborated investment opportunities in priority sectors such as energy, tourism, agriculture, information and communication technology, urban infrastructure, health, manufacturing, and mines and minerals.    

Executive Member of Bangladesh Investment Development Authority (BIDA) Dr Khandoker Azizul Islam discussed Bangladesh’s investment priorities and expressed commitment to work together with Nepal to strengthen investment ties in mutually beneficial areas.    

Chairman of the National Bank Ltd. and former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Abdul Awal Mintoo shared his perspectives on doing business in Nepal and underlined the need to consolidate economic ties between the two countries.    

During an interactive session, CEO Gyewali and Ambassador Bhandari responded to the concerns and queries of the participants.    

The event brought together eminent business leaders of Bangladesh including representatives of FBCCI and Dhaka Chamber of Commerce and Industry (DCCI).  (RSS)