Embassy of Nepal in New Delhi along with Uma Ventures based in Silicon Valley, USA is organising a conference inviting the Indian investment and business community to learn about investment and business opportunities in Nepal….reports Asian Lite News
The conference will be held on January 24 at the embassy premises Barakhamba Road, New Delhi. The organizers have invited business leaders to attend the event.
“Nepal is strategically located between India and Nepal. Nepal shares an open border with India. There are many treaties that Nepal and India have jointly signed to facilitate cross-border business.”, according to the embassy statement.
The signing of the India-Nepal Treaty of Peace and Friendship in 1950 established the framework for the unique ties between India and Nepal. India is Nepal’s important trade partner. India is also a major source country of Nepal’s foreign direct investment. Due to geographical proximity, socio-cultural linkages and increased interactions between the two peoples, trade, commerce and economic cooperation have been expanding along with the growth in other aspects of bilateral relationship.
Newly appointed Ambassador to India Mr. Deep Kumar Upadhyaya said that at this conference, the attendees will be able explore the potential Nepal business opportunities, get familiar with the treaties and meet people who are either doing business in Nepal or considering entering in Nepal market.
Ash Shrivastav of Uma Ventures said that there are many investment funds investing in the emerging markets but it’s extremely rare that a Fund has considered Nepal. Although Nepal is located between world’s two largest economies, Nepal has been overlooked. His firm Uma Ventures is a growth stage private equity firm with operations in United States and Nepal.