NEPAL’S ambassador to India NILAMBER ACHARYA believes that greater connectivity and trade with India will bring the two countries closer to each to other. In an exclusive interaction with BW Businessworld’s MANISH KUMAR JHA, the ambassador opens up about the dynamics of Nepal’s relations with its neighbours. Excerpts:
How do you look at Indo-Nepal relations?
India and Nepal are not only neighbors. We have many things in common. Besides our borders, we share culture, heritage, history, language, and arts. To say we are neighbors would mean we are close geographically, but we have a close relationship and it lies deep in our heart, in our feelings, in our attitude. We might have political differences, but even then we have feelings of closeness among our people. But closeness should be further developed, cherished, maintained, respecting the sensitivity and addressing the needs of each other.
India is changing, Nepal is changing — the world is changing. World power is shifting from one area to another, we should all take note of it and make necessary adjustments. So, we have to build on our traditional closeness in the economic sphere, in science, in technology, and in connectivity. Do we say we are close to each other but are we connected well enough? Do we have good roads, railway routes or river routes connecting Nepal and India? No, not yet.
So if we are “close” we must first be connected physically, so this a new area. There’s so much to be done in Nepal in order to develop it. What are the components of development? In energy, Nepal is rich in hydro research, but it is not yet used. But in agriculture, manufacturing, IT and tourism Nepal is yet to see growth and prosperity.
India’s bilateral trade with Nepal in FY18 stood at $6.82 billion. What are you looking for in trade and investment?
Esta historia es de la edición June 8, 2019 de Businessworld.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 8, 2019 de Businessworld.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders
