The 6th SAARC Business Leaders' Conclave stressed the importance of prioritizing the economic agenda in the SAARC region. Mr. Shekhar Golcha, Senior Vice President, Federation of Nepalese Chambers of Commerce and Industry, underscored the need to make the economic agenda the guiding force among relationships within SAARC.
Tags: Connectivity, Infrastructure, Investment, SAARC, Trade
Ms. Sushma Swaraj, Minister of External Affairs, India, and Mr. Abul Hassan Mahmood Ali, Foreign Minister, Bangladesh, co-chaired the Fourth India-Bangladesh Joint Consultative Commission (JCC) Meeting, reviewing progress on key initiatives and decisions in areas including trade and investment, security, connectivity, border management, power, energy, shipping, and people-to-people exchange.
Tags: Bangladesh, India, Connectivity, Energy, Hydropower, Trade, Investment
The Asian Development Bank (ADB) is ready to assist Bangladesh in its efforts to improve transport and energy connectivity. Mr. Wencai Zhang, Vice President, ADB, affirmed that ADB will continue to support Bangladesh in its goal of becoming a developed country by 2041, as well as in achieving the Sustainable Development Goals and minimizing climate change impact.
Tags: ADB, Bangladesh, Bhutan, BBIN, Cooperation, Development, Motor Vehicles Agreement, Energy, Investment, Nepal
Nepal’s hydropower potential could be realized with an efficient technological base, entrepreneurial vision, a coordinated power trading approach, and sustained investment commitment. Hydropower development would bring economic, social, and environmental benefits in Nepal and the rest of the South Asian region. In this speech delivered at the Power Summit, Nepal Prime Minister Pushpa Kamal Dahal vowed to support domestic and foreign investors through a policy encouraging investment.
Tags: Development, Energy, Hydropower, India, Investment, Nepal, Private Sector, Regional Cooperation, Trade
In a meeting with the Confederation of Indian Industry (CII), Mr. Kazi M. Azul Islam, Chairman, Bangladesh Investment Development Authority, promised CII delegates that Bangladesh will work toward improving the country’s ‘Ease of Doing Business’ to encourage more investors from India. Bangladesh has set a five-year target to improve its ease of doing business.
Tags: Bangladesh, India, Ease of Doing Business, Investment, Energy, Infrastructure, Bilateral Trade
Nepal Minister for Foreign Affairs Prakash Sharan Mahat urged conclusion of the SAARC Agreement on Promotion and Protection of Investment to deepen economic integration among South Asian countries, and emphasized the need to improve connectivity in the region at the inauguration of the Fourteenth Annual Conference of the South Asian Network of Economic Research.
Tags: SAARC, Transport, Rail, Road, Investment, Investments, Nepal
A 'Foreign Direct Investment (FDI) in Hydropower' forum in Kathmandu, Nepal stressed the need for more FDI in hydropower projects. According to Nepal Minister for Energy Janardan Sharma, Nepal needs more investment to be able to fully harness its hydropower capacity. The Power Trade Agreement signed by Nepal and India promises a huge market for Nepal's hydroelectricity.
Tags: Nepal, Investment, Hydropower, Energy, India, Exports
The SASEC energy working group agreed to conduct feasibility studies for three new priority large-scale cross-border transmission projects worth over $3 billion at a meeting on 9 November 2012 in Thimphu Bhutan.
Tags: Bhutan, Energy, Investment, SASEC, South Asia