Explore new opportunities with India: Envoy to Nepal

According to SS Mukherjee, New Delhi is extending support to Nepal as it prepares to embark on the path of economic rehabilitation.

India's Ambassador to Nepal Shiv Shanker Mukherjee has urged the country's business community to explore new business opportunities with India and promote economic cooperation between the two neighbours.

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"I would like you to identify the possibility of creating a comprehensive economic partnership between Nepal and India that covers goods, turnkey projects, services and investments," Mukherjee said in Kathmandu on Thursday.

"As a close friend, neighbour and largest economic partner, we recognise the importance of our economic partnership and accept our responsibility," he said at an interaction organised by the Nepalese Federation of Chambers of Commerce and Industries.

According to Mukherjee, India is extending its support to Nepal as it prepares to embark on the path of economic rehabilitation, recovery and long-term growth.

"I would like you to define a comprehensive strategy for increasing Nepal's exports to India," he said urging the business community to identify Nepal's interests in the renewed trade treaty with India to come into force from March 2007.

Nepal's private sector has to identify specific areas for creating domestic and cross-border economic infrastructure, upgrade the human resource base and facilitate bilateral and third country trade, he said.