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MSME sector strengthens India-Nepal bond amid COVID-19 India-Nepal

MSME sector strengthens India-Nepal bond amid COVID-19

India Blooms News Service | @indiablooms | 17 Sep 2020, 11:52 pm

Kathmandu: Policymakers and authorities feel that micro, small and medium entreprises (MSME) sector has been playing a pivotal role in strengthening trade and commerce relations between India and Nepal, even at this time when the two nations are combating the COVID-19 pandemic.

The remarks were made by the experts during an interaction held virtually by India-Nepal Centre in association with the Confederation of Nepalese Industries (CNI), Nepal SBI Bank Ltd (NSBL) and PHD Chamber of Commerce and Industry (PHDCCI).

Governor of Nepal Rastra Bank, Maha Prasad Adhikari in his keynote speech called the MSME sector as the growth engine of Nepal’s economy, reported ANI.

Sushil Bhatta, the newly appointed CEO of Investment Board Nepal (IBN) recognised the challenges MSMEs are facing with the demand and supply shocks due to the ongoing pandemic situation.

Kapidhwaja Pratap Singh, Commercial Representative from the Indian Embassy in Nepal, told ANI: “In the recent past, the trade between India and Nepal has reached to around 85 per cent peak of pre-COVID times both in terms of exports and imports."

The webinar entitled “Enhancing Cooperation for MSMEs in Nepal” was moderated by Ambassador KV Rajan, Chairman, India-Nepal Centre, PHDCCI & India’s Former Ambassador to Nepal and Nirvana Chaudhary, Chairman, India-Nepal Centre (Nepal), VP, CNI & MD, Chaudhary Group, reported the news agency.