Nepal and IIA Discuss Enhanced Trade and MSME Collaboration
IIA, Nepal delegation discuss trade, MSME cooperation
The Times Of IndiaImage: The Times Of India
A delegation from Nepal met with the Indian Industries Association (IIA) in Lucknow to discuss strengthening trade and MSME cooperation. Key sectors for collaboration include food processing, tourism, and renewable energy, with an emphasis on leveraging cultural ties for economic growth.
- 01The Nepal delegation was led by Chargé d’Affaires Dr Surendra Thapa and included key economic officials.
- 02Discussions focused on sectors such as food processing, agro-based industries, tourism, and renewable energy.
- 03IIA chairman Aman Agrawal emphasized the need to transform goodwill into tangible business opportunities.
- 04Nepal highlighted its liberal foreign investment policies and special economic zones as attractive for investors.
- 05Strengthening ties with Uttar Pradesh is seen as beneficial for regional prosperity.
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A strategic dialogue took place in Lucknow between a delegation from Nepal and the Indian Industries Association (IIA) on Saturday, aimed at enhancing trade, investment, and cooperation in Micro, Small, and Medium Enterprises (MSMEs) between Nepal and Uttar Pradesh. The Nepalese delegation, led by Chargé d’Affaires Dr Surendra Thapa, included notable officials such as Economic Minister Tara Nath Adhikari. The meeting explored potential collaborations in various sectors, including food processing, agro-based industries, tourism, cross-border logistics, information technology, renewable energy, and manufacturing. IIA officials expressed that this dialogue is crucial for converting cultural and geographical ties into economic partnerships. IIA chairman Aman Agrawal stated that this is an opportune moment to turn goodwill into business opportunities. The Nepalese delegation also shared insights on investment opportunities in Nepal, emphasizing its liberal foreign investment policies and ongoing business-friendly reforms. Dr Thapa reinforced the historical and cultural connections between India and Nepal, suggesting that enhanced economic cooperation could lead to greater regional prosperity.
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The discussions could lead to increased trade and investment opportunities for local businesses in Uttar Pradesh, particularly in MSMEs.
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