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Nepal-India Trade Expo- 2014

  6 min 44 sec to read

Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:
 
Pradeep Kumar Kedia‘The Expo can form the basis of rapid economic development.’
Pradeep Kumar Kedia
Sr. Vice President, BiCCI
 
The international trade expo, which is going to be held in Birgunj, a major commercial hub of the country, is a solid way to promote trade. It can also be utilized as a platform to better manage our internal and external markets. For instance, the Expo will be a good platform for exchanging information about our local products including their specialties and comparative advantage. This will be important as we have found that in many cases even the domestic consumers are ignorant about the domestic products. This ignorance is a big hurdle in promoting the local products in the domestic market.
 
As the Expo will bring the producers and consumers together at the same platform, two-way communication about the various aspects of the products displayed in the Expo will be possible. This will greatly promote the use of domestic products. Import substitution is not possible without the easy availability of and enough information about the domestic products. Thus, the Expo will be a good opportunity for reducing imports and promoting the consumption of domestic products.
 
As the Expo will feature products and technologies from outside the country as well, we can expect a lot of interaction on the diversity of products and their usability. This will help in increasing productivity through the exchange of technology.
 
Nepal is incurring a huge trade deficit at present. The export import ratio is 1:8 at present. The Expo will help increase our exports and thus there is a huge possibility of reducing the trade deficit.
 
We have a huge trade deficit with India for the simple reason that the bulk of our international trade is with India. As a high number of Indian producers and traders will participate in the Expo, we can be hopeful that the interaction with them will help in promoting our exports to the southern neighbour. In this way the Expo will be a golden opportunity which can form the basis of the country’s rapid economic growth.                
 
 
KC Lamichane,  Chairman, Federation of Nepali Journalists, Parsa‘Good opportunity for economic development’
KC Lamichane 
Chairman, Federation of Nepali Journalists, Parsa
 
The country should march forward to the direction of social and economic transformation by institutionalizing the political change. There is always a threat of losing political achievements if the economic situation of the country is not sound. There is unfavourable environment for industrial development and degradation of the rule of law at present which leads to sluggish economic development. Economic activities amidst such instability can lead the country towards economic stability. 
 
We consider Birgunj as the financial capital of the country as 70 per cent of total industrial investment and 60 per cent of commercial transaction takes place in this city. With this background, ‘Nepal-India Trade Expo-2014’ is being organized by Birgunj Chamber of Commerce and Industry and Minds Nepal in association with other commercial houses in Birgunj. 
 
The organizers are expecting a business transaction of around Rs 200million while around 500,000 visitors are anticipated to visit the Expo. The organizers have various other bases to anticipate the success of this Expo. Since Birgunj is located near the border, Indian citizens are also expected to visit this Expo. The commercialization of local products and promotion of local and international services in the Expo can play the role in promoting export, strengthening economic mechanisms and import substitution. 
 
The world has moved ahead in technology. Moving forward by incorporating the technology can increase competitiveness. The Nepali economy can develop with the use of new technologies. The economic activities in the country have been sluggish with the decline in the productive sector. The Expo can play a significant role to reenergize the Nepali economy in the international market. 
 
The Expo should focus mainly on two things. First, it should announce the Birgunj-Pathlaiya corridor as an industrial corridor by mounting some kind of pressure on the state for infrastructure development. Similarly, this Expo will help in the creation of jobs, sharing of technical knowledge and exploring market for goods and services. 
 
We need cooperation and coordination among all the concerned stakeholders to make the Expo a grand success.
 
 
Ravindra Kumar Barnawal‘The Expo will have a multidimensional effect’
Ravindra Kumar Barnawal
Secretary, Birgunj 
Coordinator
Stall booking sub-committee
Nepal-India Business 
Expo-2014
 
The Nepal-India Expo Trade that is to be held in Birgunj is a golden opportunity for Nepal and other neighboring countries to flourish their business. It is equally important for the other countries as well as this Expo will provide them the platform to create market for their services and technology. Apart from Nepal and India, products from Bangladesh, Pakistan, and Bhutan will be displayed in the Expo. Even though the main aim of this Expo is to flourish trade, it is undoubtedly true that it will leave a positive impact on other sectors as well. Thus, its effects are multidimensional. The trade Expo will not only help to provide international recognition to Nepali products, but also to promote our products in the Indian market.  The Expo that is scheduled to take place in Birgunj, the economic capital of Nepal, will help to set a milestone in the growth of the national economy while also providing opportunity for increment for exports. It can be guaranteed that while helping in the development of the industrial sector, the Expo will also help in solving the problem of unemployment. Even today, 7 hundred thousands of Nepali manpower is working abroad which has caused shortage of skilled manpower here in the country. Such types of Expo will be productive in leading the country towards economic growth by increasing internal as well as external trade through industrialization. Similarly, the Expo will also contribute in minimizing business loses through increase in exports. As the bulk of our trade deficit is with India, the Expo should focus on lowering the trade deficit. The Expo will also provide an opportunity to resolve bilateral trade barriers. Nepal’s agricultural sector is still traditional and we have not been able to focus on production of goods that have comparative advantage. So, it is essential that we take information about agricultural technology from India and even if we decide to adopt it, we can expect the outcome to be positive. Likewise, the Expo equally focuses on diversification. The Expo will also provide trainings from experienced trainers on various issues such as branding of education, trade and products and corporate communication.

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