Wednesday, July 22, 2020

FNCCI, CII stress on greater bilateral business cooperation

Kathmandu, July 21

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has stressed on stronger collaboration and cooperation with the Confederation of Indian Industries (CII) in the aftermath of the COVID-19 crisis.

“The global economic outlook will see a revolutionary changes in the aftermath of the pandemic, therefore we must enhance our ties,” said Bhawani Rana, President of FNCCI, in a webinar on Business Meeting on Enhancing Trade and Investments between Nepal and India jointly organised by the two business bodies.

Saying that the young demographics and natural resources were the largest strengths of the two neighbours, she stressed on the maximum utilization of these resources to achieve economic growth and prosperity.

Kapidhwaja Pratap Singh, Second Secretary of Commerce and Commercial Representative at the Embassy of India, Kathmandu, pledged the support of the Indian mission in Nepal for the enhanced relations and cooperation between the FNCCI and CII.

Harvinder Manocha, Co-chair of CII South Asia Committee and Chief Operating Officer of Hudry Business of the GMR Group, said that to minimise impact of the coronavirus pandemic the business communities of the two countries must devise effective strategy for mutual economic cooperation, trade and investment.

EVP and Head of GMR Energy Ashok Kumar Prusty, President of Kalpataru Power Transmission Rakesh Gaur, Country Head of Nepal and Bhutan of Mahindra Chaitanya Kagalkar and Managing Director of Nepal SBI Bank Anukool Bhatanagar had expressed their views from the CII.

Likewise, Working Committee Member of FNCCI Ananda Bagaria, Senior Vice-president of the Federation of Contractors Associations of Nepal (FCAN) Nicholas Pandey, and President of Hotel Association of Nepal Srijana Rana talked on infrastructure, energy, agriclturue, manufactureing and service sector.

Published in The Rising Nepal daily on 22 July 2020. 

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