The Embassy of India has organized a virtual interaction with major Indian infrastructure companies on opportunities for undertaking projects in Nepal.
The interaction was aimed at attracting their attention to Nepal’s booming infrastructure sector, sensitizing them on local partnerships and encouraging them to contribute to it with their unparalleled expertise, technology and know-how, the Embassy of India stated in a press release.
It was organized in partnership with the Confederation of Indian Industries and in presence of the Ministry of Physical Infrastructure and Transport, Government of Nepal, on Tuesday.
On the occasion, Deputy Chief of Mission (DCM), Ms Namgya Khampa underlined that Nepal is one of India’s most important neighbors, a special partner and a key actor in India’s vision for a connected, integrated South Asian region. She also noted that in Nepal’s efforts at economic development, the infrastructure sector will play a critical role.
Highlighting the emerging opportunities in this sector, DCM advised the companies to keep Nepal in their list of priorities and benefit from the upcoming opportunities.
The DCM’s address was followed by the Embassy’s presentation on the sector. Mr Keshab Kumar Sharma, Joint Secretary, MoPIT, Govt of Nepal, also interacted with the participants and answered their queries.
Joint Secretary Sharma welcomed Indian companies’ participation in business opportunities in Nepal and gave an overview of the scale, scope and nature of bids in the infrastructure sector. He also answered questions on funding modalities, joint ventures, etc. and encouraged them to tie up with suitable local partners wherever it suits the project’s scale.
In the last few years, Indian infrastructure companies have undertaken major projects within India and abroad and have built a reputation for the quality of construction, adherence to timelines and cost-competitiveness. The session was moderated by CEO GMR Energy Mr. S N Barde.
