India-Nepal Friendship Flourishes, A Bridge to Prosperity: Piyush Goyal
Last Updated on April 30, 2024 2:46 pm
In a resounding testament to the enduring bonds between nations, Union Minister for Commerce and Industry, Piyush Goyal, affirmed India’s steadfast commitment to Nepal’s development during the third Nepal Investment Summit. Speaking via video message, Goyal underscored the longstanding friendship shared between the two countries, emphasizing India’s role as a reliable partner in Nepal’s journey towards progress and prosperity.
The sentiments echoed by Goyal were echoed by Indian Ambassador to Nepal, Naveen Srivastava, who emphasized the depth of the bilateral relationship during the summit’s inaugural session in Kathmandu. Srivastava’s assurance to encourage Indian companies to invest in Nepal not only reflects India’s commitment to bolstering economic ties but also signifies a shared vision for a brighter future.
Highlighting the significance of cross-border collaboration, Srivastava underscored the pivotal role of Nepal’s power exports to India in enriching bilateral relations. With a focus on enhancing investment in Nepal across various sectors, including infrastructure and energy, India reaffirmed its commitment to fostering mutual growth and prosperity.
Srivastava’s remarks also shed light on India’s substantial contributions to Nepal’s economic landscape, with Indian investments accounting for over 33% of Nepal’s FDI stock. This substantial investment underscores the depth of the partnership between the two nations and sets the stage for further collaboration in the days to come.
As India and Nepal continue to strengthen their ties through trade, investment, and collaboration, the third Nepal Investment Summit serves as a platform for fostering greater cooperation and realizing shared aspirations for a brighter and more prosperous future. In an ever-changing global landscape, the India-Nepal friendship stands as a beacon of stability and progress, forging ahead towards new horizons of growth and development.