Nepal’s Industry, Commerce & Supply Minister Dilendra Prasad Badu laid emphasis on the need to strengthen the age old trade, cultural, religious ties with Odisha.
Stating that Nepal cherishes long religious connect with Odisha, the minister invited the business delegation led by UCCIL (Utkal Chambers of Commerce and Industry) from the state to invest in a big way in the landlocked country, especially when Nepal govt recently has lowered the threshold FDI limit to Rs 2cr from Rs 5cr.
“Nepal offers huge investment opportunities in the sectors of hydro electric power and Green energy, Agriculture and Mining, Tourism, Hotels and Hospitality, Modern Hospitals and Healthcare, Sea Food and Processed Agro products, Mining and Environment, Connectivity and Transportation, Education and Information Technology, SME and Start-Ups, Employment and Skill Development, Telecommunication and Advanced Research, Archaeology and Astronomy, Construction,” he outlined.
Nepal’s Foreign Investment Director Shrestha made a power point presentation on govt’s FDI policies to 45-member UCCIL delegation, including former bureaucrat UN Behera, recently retired as OERC chairman.
UCCIL President Brahmanand Mishra invited Nepal business delegation to participate in the Make in Odisha-3.0 to be held in Nov-Dec this year. The UCCIL delegation comprised of many giants like Jindal, Gupta Power, Tarini Mohanty group, mine owners and Centurion educational institute, besides representatives from Sea food, Agro Food & business, Tourism and IT sector.
During the 3-day tour to the country, UCCIL delegation had held wide ranging talks with representatives from Federation of Nepal cottage and Small Industry, Nepal Chamber of Commerce, Confederation of Nepalese Industry, Federation of Nepal Chamber of Commerce, besides a series of B2B meetings with various sectoral stakeholders. The delegates also had one to one meeting on Solar energy sector.
UCCIL delegates had an interaction with the Kathmandu Municipal Corporation on solid waste Management technology adopted by Odisha.
A delegation from Nepal will undertake an exposure visit to Odisha shortly, said a UCCIL statement.
Centurion University, a part of the delegation, interacted with Indian Embassy officials in Nepal on International study tours and exchange of students amongst the universities.
Chairman of Bhubaneswar-based Terra Block Machinery Private Limited, which had a unit in Nepal, and its interlocking brick machines supplied to Nepal that helped in constructing 5 lakh houses, Sanjeev Mahapatra has played a pivotal role in organizing the UCCIL visit to Nepal.
Tags: #UCCIL #SolidWasteManagement #IndianEmbassy #SkillDevelopment #ForeignInvestment #Solarenergysector