Former Prime Minister of Nepal Mr. Pushpa Kamal Dahal ‘Prachanda’ who is Chairman, Nepal Communist Party on Friday assured India Inc. stating that the new democratic setup in Nepal is going to change all its decades old autocratic rules & regulations and make them flexible and friendly enough to attract investment from its neghbouring countries including India.


He further assured that the federal setup of Nepal with its provincial and local government are all united to transform Nepal economy as the country has had a tumultuous political history in the past on account of which its economic uplift has suffered.


According to Prachanda, water management including hydro cooperation, tourism, agriculture and host of other such areas could be the ideal areas for joint economic cooperation between India and Nepal.


The former Prime Minister was speaking at an interactive session with the members of PHD Chamber where he inaugurated the India-Nepal Centre (INC) in the presence of the President, PHD Chamber, Mr. Anil Khaitan along with Chairman, India-Nepal Centre (Nepal) and MD, Chaudhary Group, Mr. Nirvana Chaudhary.


The INC was recently launched by PHD Chamber to support strengthening of India-Nepal business ties through sustained attention on opportunities for expanding trade, investment, joint ventures and technology, following the high-level visits exchanged between the two countries. 


The INC is headed by former Indian Ambassador to Nepal who was also Secretary, Ministry of External Affairs, Government of India in recent past, Mr. K V Rajan.


The Centre aims to facilitate greater private sector contribution to the accelerated inclusive economic development of Nepal by focusing on innovative approaches and new technologies in priority sectors identified by the two countries for mutual cooperation such as tourism, hydropower, infrastructure, agriculture & agro-processed industry and MSMEs skill development.


Secretary General, PHD Chamber, Mr. Saurabh Sanyal and its Secretary General-Designate, Dr. Mahesh Y Reddy were also present on the occasion among others.