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BIMSTEC Summit will be very fruitful : PM Oli

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KATHMANDU — Prime Minister KP Sharma Oli has said that the 4th BIMSTEC Summit would be very fruitful to achieve sustainable development through poverty alleviation, to face challenges posed by the climate change and to expand road connectivity among member states.

Briefing the House of Representatives on Tuesday about the fourth Summit of BIMSTEC which is taking place in Kathmandu on August 30 and 31, he said, “The Summit will be very useful to make BIMSTEC effective, to face changes surfaced by global warming, achieve sustainable development goals, and expand connectivity to ease movement among the people of BIMSTEC-member states and increase partnership and cooperation.”

Oli said that this is the first regional-level summit organised by the new government after the implementation of the constitution and conduction of three-tier of elections.

“We started preparations for the BIMSTEC after the formation of new government,” he added.

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Stating that the BIMSTEC summit that ought to be held every two years has only held for four times since its establishment in 1997, PM Oli said that Nepal is effortful to make the upcoming summit a success although Nepal ought to hold it little earlier.

He reasoned that the delay surrounding in holding the summit was due to constitution promulgation and three-tier elections among others in the country.

“Though BIMSTEC should be in held every two years, we are holding the BIMSTEC for the fourth time albeit it has been 20 years since BIMSTEC was established,” the Prime Minister said.

Saying that the summit is going to be held under the theme of ‘Towards Peaceful, Prosperous and Sustainable bay of Bengal Region, PM Oli expressed his hope that this summit will expand economic cooperation and connectivity — railways, transportation, energy and airways.

Though BIMSTEC has 14 priority sectors, this summit has integrated two more priority sectors—Blue Economy and Mountain Economy, he said.

PM Oli said that the issues related to trade, connectivity, environment and campaign against organised crime will be discussed in the summit.

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He said that BIMSTEC charter will also be formulated in this conference. Moreover, the Prime Minister said that the bilateral relationship between Nepal and India will also be strengthened further after the summit.

He said that the heads of the government or state of all BIMSTEC member countries will hold a meeting with Nepali President Bidya Devi Bhandari.

The first summit of BIMSTEC, a sub-regional body of seven countries surrounding the Bay of Bengal, was held in Thailand in 2004. There are 14 areas of cooperation determined by the BIMSTEC.

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Massive fire guts property worth millions in Itahari

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ITAHARI- Goods, raw materials and equipments worth over Rs 20 million were gutted when a fire broke out at the Laxmi Foam Industry at Khanar of Itahari Sub-metropolitan City-10 in Sunsari district this morning.

It is said the fire suddenly broke out from the warehouse area of the industry where the ready-made goods are stored. Police have speculated that the fire started at 4 am when the industry had already closed and there were no workers inside.

The industry is owned by Bhanu Tibadewala. According the Shankar Thakur, the manager at the industry, the raw materials of doormat and important machinery at the industry have also been damaged in the inferno.

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Nepal Army, the Armed Police Force and the Nepal Police personnel as well as the Itahari fire brigade made attempts to douse the fire after some time it started.

Fire trucks from Dharan, Inaruwa, Biratnagar, Duhabi and Sundarharaincha were immediately called into service thereby bringing the huge inferno under control and preventing further damage, said Shiva Kumar Shrestha, Deputy Superintendent of Police at the Area Police Office Itahari.

He said the cause of the fire is not yet ascertained and the extent of damage is being assessed.

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