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<strong>--By TC Correspondent</strong></div>
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“The IGC used to work as a traditional regulatory body for bilateral trade and transit issues, but it should now develop a forum to promote bilateral trade,” he said.</div>
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<div>
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<div>
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Indian Ambassador to Nepal Ranjit Rae has said that Nepal and India should work together for the development of hydropower in Nepal. Speaking at a press conference for the first time after assuming office in November, the Indian envoy said such cooperation between Nepal and India would benefit both countries.</div>
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<div>
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Nepal-India Cooperation In Hydropower For Mutual Benefit: Indian Envoy
2 min 5 sec to read
--By TC Correspondent
Indian Ambassador to Nepal Ranjit Rae has said that Nepal and India should work together for the development of hydropower in Nepal. Speaking at a press conference for the first time after assuming office in November, the Indian envoy said such cooperation between Nepal and India would benefit both countries.
“It is important for Nepal to develop hydropower and Nepal should work with India,” Ambassador Rae said, adding that he was “very optimistic and confident” that Nepal would move ahead in that direction.
“For mutual benefit, it is necessary too,” he said.
In another context, the Indian envoy said India was willing to inject more investment in Nepal and hoped that Nepal will have peace and stability following the Nov 19 Constituent Assembly elections. “Soon there will be a new government and certainly we will bring new dynamism in bilateral relations,” Rae said.
The Indian Embassy had organized the press conference to inform the media about the Indo-Nepal Inter-Governmental Committee (IGC) meet and the India Investrade held on Dec 20-22.
“The IGC used to work as a traditional regulatory body for bilateral trade and transit issues, but it should now develop a forum to promote bilateral trade,” he said.
He said the existing framework of the IGC should be expanded, private-public partnership should be promoted and private sectors from both countries should provide feedback to the IGC that will help in decision-making and also work out to bring investment in diverse fields.
“We need to develop a mechanism to incorporate the private sector where the government mechanism can address concerns put forth by the private players,” he said.
He expressed concern over the low foreign direct investment (FDI) from India, which is around Rs.40.60 billion at a time when many Indian companies are buying properties and making their fortunes across the globe.
“There are lots of issues from both sides which need to be discussed... It may be political reasons or may be policy ones or infrastructure,” the ambassador said when asked why there was low FDI from India.
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<strong>--By TC Correspondent</strong></div>
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Indian Ambassador to Nepal Ranjit Rae has said that Nepal and India should work together for the development of hydropower in Nepal. Speaking at a press conference for the first time after assuming office in November, the Indian envoy said such cooperation between Nepal and India would benefit both countries.</div>
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<strong>--By TC Correspondent</strong></div>
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<strong>--By TC Correspondent</strong></div>
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Indian Ambassador to Nepal Ranjit Rae has said that Nepal and India should work together for the development of hydropower in Nepal. Speaking at a press conference for the first time after assuming office in November, the Indian envoy said such cooperation between Nepal and India would benefit both countries.</div>
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“For mutual benefit, it is necessary too,” he said. </div>
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In another context, the Indian envoy said India was willing to inject more investment in Nepal and hoped that Nepal will have peace and stability following the Nov 19 Constituent Assembly elections. “Soon there will be a new government and certainly we will bring new dynamism in bilateral relations,” Rae said.</div>
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The Indian Embassy had organized the press conference to inform the media about the Indo-Nepal Inter-Governmental Committee (IGC) meet and the India Investrade held on Dec 20-22. </div>
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“The IGC used to work as a traditional regulatory body for bilateral trade and transit issues, but it should now develop a forum to promote bilateral trade,” he said.</div>
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He said the existing framework of the IGC should be expanded, private-public partnership should be promoted and private sectors from both countries should provide feedback to the IGC that will help in decision-making and also work out to bring investment in diverse fields.</div>
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“We need to develop a mechanism to incorporate the private sector where the government mechanism can address concerns put forth by the private players,” he said.</div>
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He expressed concern over the low foreign direct investment (FDI) from India, which is around Rs.40.60 billion at a time when many Indian companies are buying properties and making their fortunes across the globe.</div>
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<strong>--By TC Correspondent</strong></div>
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Indian Ambassador to Nepal Ranjit Rae has said that Nepal and India should work together for the development of hydropower in Nepal. Speaking at a press conference for the first time after assuming office in November, the Indian envoy said such cooperation between Nepal and India would benefit both countries.</div>
<div>
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“It is important for Nepal to develop hydropower and Nepal should work with India,” Ambassador Rae said, adding that he was “very optimistic and confident” that Nepal would move ahead in that direction.</div>
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“For mutual benefit, it is necessary too,” he said. </div>
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<div>
In another context, the Indian envoy said India was willing to inject more investment in Nepal and hoped that Nepal will have peace and stability following the Nov 19 Constituent Assembly elections. “Soon there will be a new government and certainly we will bring new dynamism in bilateral relations,” Rae said.</div>
<div>
</div>
<div>
The Indian Embassy had organized the press conference to inform the media about the Indo-Nepal Inter-Governmental Committee (IGC) meet and the India Investrade held on Dec 20-22. </div>
<div>
</div>
<div>
“The IGC used to work as a traditional regulatory body for bilateral trade and transit issues, but it should now develop a forum to promote bilateral trade,” he said.</div>
<div>
</div>
<div>
He said the existing framework of the IGC should be expanded, private-public partnership should be promoted and private sectors from both countries should provide feedback to the IGC that will help in decision-making and also work out to bring investment in diverse fields.</div>
<div>
</div>
<div>
“We need to develop a mechanism to incorporate the private sector where the government mechanism can address concerns put forth by the private players,” he said.</div>
<div>
</div>
<div>
He expressed concern over the low foreign direct investment (FDI) from India, which is around Rs.40.60 billion at a time when many Indian companies are buying properties and making their fortunes across the globe.</div>
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</div>
<div>
“There are lots of issues from both sides which need to be discussed... It may be political reasons or may be policy ones or infrastructure,” the ambassador said when asked why there was low FDI from India.</div>',
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<strong>--By TC Correspondent</strong></div>
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<div>
Indian Ambassador to Nepal Ranjit Rae has said that Nepal and India should work together for the development of hydropower in Nepal. Speaking at a press conference for the first time after assuming office in November, the Indian envoy said such cooperation between Nepal and India would benefit both countries.</div>
<div>
</div>
<div>
“It is important for Nepal to develop hydropower and Nepal should work with India,” Ambassador Rae said, adding that he was “very optimistic and confident” that Nepal would move ahead in that direction.</div>
<div>
</div>
<div>
“For mutual benefit, it is necessary too,” he said. </div>
<div>
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<div>
In another context, the Indian envoy said India was willing to inject more investment in Nepal and hoped that Nepal will have peace and stability following the Nov 19 Constituent Assembly elections. “Soon there will be a new government and certainly we will bring new dynamism in bilateral relations,” Rae said.</div>
<div>
</div>
<div>
The Indian Embassy had organized the press conference to inform the media about the Indo-Nepal Inter-Governmental Committee (IGC) meet and the India Investrade held on Dec 20-22. </div>
<div>
</div>
<div>
“The IGC used to work as a traditional regulatory body for bilateral trade and transit issues, but it should now develop a forum to promote bilateral trade,” he said.</div>
<div>
</div>
<div>
He said the existing framework of the IGC should be expanded, private-public partnership should be promoted and private sectors from both countries should provide feedback to the IGC that will help in decision-making and also work out to bring investment in diverse fields.</div>
<div>
</div>
<div>
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<div>
</div>
<div>
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</div>
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Indian Ambassador to Nepal Ranjit Rae has said that Nepal and India should work together for the development of hydropower in Nepal. Speaking at a press conference for the first time after assuming office in November, the Indian envoy said such cooperation between Nepal and India would benefit both countries.</div>
<div>
</div>
<div>
“It is important for Nepal to develop hydropower and Nepal should work with India,” Ambassador Rae said, adding that he was “very optimistic and confident” that Nepal would move ahead in that direction.</div>
<div>
</div>
<div>
“For mutual benefit, it is necessary too,” he said. </div>
<div>
</div>
<div>
In another context, the Indian envoy said India was willing to inject more investment in Nepal and hoped that Nepal will have peace and stability following the Nov 19 Constituent Assembly elections. “Soon there will be a new government and certainly we will bring new dynamism in bilateral relations,” Rae said.</div>
<div>
</div>
<div>
The Indian Embassy had organized the press conference to inform the media about the Indo-Nepal Inter-Governmental Committee (IGC) meet and the India Investrade held on Dec 20-22. </div>
<div>
</div>
<div>
“The IGC used to work as a traditional regulatory body for bilateral trade and transit issues, but it should now develop a forum to promote bilateral trade,” he said.</div>
<div>
</div>
<div>
He said the existing framework of the IGC should be expanded, private-public partnership should be promoted and private sectors from both countries should provide feedback to the IGC that will help in decision-making and also work out to bring investment in diverse fields.</div>
<div>
</div>
<div>
“We need to develop a mechanism to incorporate the private sector where the government mechanism can address concerns put forth by the private players,” he said.</div>
<div>
</div>
<div>
He expressed concern over the low foreign direct investment (FDI) from India, which is around Rs.40.60 billion at a time when many Indian companies are buying properties and making their fortunes across the globe.</div>
<div>
</div>
<div>
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