You are here: Home » PTI Stories » National » News
Business Standard

China's OBOR team in Nepal to promote business

Topics
Business Finance

Press Trust of India  |  Kathmandu 

A high-level Chinese delegation held talks with Nepal's business leaders and discussed investment opportunities in the country under the One Belt One Road initiative.

The 20-member delegation led by Shu Ya, founder of One Belt One Road (OBOR) International Platform of China held talks with the Nepalese business community on Monday on attracting Chinese investment in Nepal under the framework of the OBOR, according to sources close to OBOR-Nepal Chapter.

The OBOR International Trade and Investment Platform is a mutual exchange platform of global purchasers and suppliers established to promote Chinese President Xi Jinping's ambitious OBOR initiative.

Last year, Nepal inked a major deal with China to join the OBOR initiative to link Asia with Europe.

During the meeting, the representatives of Nepalese business community asked the OBOR delegation to increase investment in Nepal's energy and infrastructure sector as well as tourism and agriculture.

Bhawani Rana, Chairperson of Federation of Nepal Chamber of Commerce and Industries (FNCCI), asked the delegation to contribute for Nepal's economic prosperity through increasing investment under the OBOR framework as the investment climate has improved significantly with the establishment of new communist government in Nepal.

Also, a Memorandum of Understanding was signed between by the OBOR Platform Federation of Handicraft Association of Nepal with a view to promote Nepali handicraft products to China under the banner of OBOR Platform.

The Platform has earlier signed MoU with various trade related bodies to promote Nepal's Pashmina, wild honey, a Nepali wine and Himalayan Nettle.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, March 22 2018. 16:45 IST
RECOMMENDED FOR YOU