Print This Post
4 September 2014, Business World

Political push drives India’s investment in Nepal

Amit Bhandari, Energy & Environment Fellow, Gateway House was quoted in a report by Business World on Nepal's potential to supply hydropower to India

post image

The political momentum generated by Prime Minister Narendra Modi’s recent Nepal visit has resulted in India Inc lining up a series of investments in the Himalayan kingdom.

The thrust for new investments has been created by a combination of improved political climate in that country and the $1 billion soft loan facility that the government of India has announced for investments in Nepal.

“Indian investments in Nepal are now welcome across the board. I see a large uptrend as Nepal stabilises and gets its house in order to get investments, with power and tourism attracting the prime investments. There is defiantly a growing Indian appetite for investments in Nepal,” said Pradip Jung Pandey, president of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI).