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Prez Bhandari urges Indian investors to invest in Nepal

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NEW DELHI — President Bidhya Devi Bhandari, who is currently on a five-day state visit to India, has urged Indian entrepreneurs and investors to invest in Nepal.

Addressing a program organised by Indian External Affairs Ministry in coordination with Federation of Indian Commerce and Industry and Confederation of Indian Industries in the Indian Capital New Delhi, President Bhandari said the development is not possible through the effort of a single country alone and that it needs a collective effort.

Inviting Indians investors to the country, President Bhandari on Tuesday said that after political transformation, Nepal has a favourable environment for business and socio-economic transformation is Nepal’s top priority.

Representatives of India’s big information technology and hydropower companies were present on the occasion.

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“Nepal has undergone political transformation of historic proportion in recent years. Now socio-economic transformation is our topmost priority,” Bhandari said.

President Bhandari also said the presence of Indian investors during the recent Investment Summit held in Nepal shows the importance put by India on Nepal.

“The government is committed to creating a climate conducive to investment. No discrimination is made between Nepali and Indian investors. Numerous similarities make us natural partners,” The President said.

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Economy

Visitors can enjoy paragliding and other activities in Nuwakot Festival

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NUWAKOT — Visitors can enjoy paragliding, rafting, helicopter excursion and elephant safari among a host of activities in course of the Fifth Nuwakot Mahotsav that is taking place here from February 28 to March 10.

The mahotsav or festival will also feature the traditional bull fighting. The paragliding will be organised from the historic Seven-storied Palace premises while the river rafting will take place in the Trishuli River.

Likewise, the helicopter excursion would be organised to the major spots in the district including a mountain flight from Mt Ganesh to Gosainkunda.

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The Nuwakot Chamber of Commerce and Industry is organising the festival with the objective of promoting the local culture, tradition and tourism. The Mahotsav will be held in Bidur, Nuwakot.

All preparations except for some managerial matters for the festival have been completed, said Tara Bahadur Karki, president of Nuwakot Chamber of Commerce and Industry at a news conference here on Thursday.

Karki said that there would be 275 stalls including the stalls showcasing the local agricultural and handicraft products.

Also on sale would be the famous Kaanchi badam (groundnut) from Trishuli, the rice grains from Shikharbesi, the trout fish and strawberry from Kakani and the ground apple from Kispang.

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