India-Nepal Trade: Strengthening Economic Ties

Thane, Apr 5 (PTI) Nepal's Ambassador to India Dr Shankar Prasad Sharma on Sunday underscored the need to further strengthen trade, investment and economic ties between the two neighbours.

Speaking at the Indo-Nepal Trade Programme and Trade Promotion Initiative organised in Thane, Sharma said business communities of both nations must explore new avenues of collaboration and partnership to enhance mutual growth.


The event brought together key dignitaries, business leaders and industry stakeholders from both countries with the aim of providing a common platform for meaningful networking and partnership discussions, the organisers said.

Nepal is important for India in the context of its overall strategic interests in the region, and leaders of the two countries have often noted the age-old "Roti Beti" relationship.

Land-locked Nepal relies heavily on India for the transportation of goods and services. Nepal's access to the sea is through India, and it imports a predominant proportion of its requirements from and through India.