KTM2DAY.com
KATHMANDU TODAY

Czech Republic interested to invest in hydropower

Czech Republic has expressed its interest to invest in the Nepalese hydropower, infrastructure, tourism and civil aviation sectors.

Speaking at an interaction in the Capital on Monday organized by the Confederation of Nepalese Industries (CNI), Ambassador of Czech Republic to Nepal Miloslav Stasek said that his government was willing to extend its bilateral economic cooperation to Nepal.

“Czech is interested to expand bilateral trade and economic relation to Nepal. We have made remarkable progress in some of the sectors for boosting our economy,” Ambassador Stasek said, “We are interested to join hands with both the government and private sector of Nepal to expand the bilateral economic relations between the two countries.”

“Czech has a history of great success in automotive industry, equipments for cement plants, power generation and power distribution, hydropower generation, water treatment and water management, waste management, civil aviation, among others,” he said adding, “Therefore, these are some of the potential sectors that the two countries could cooperate.”

He also suggested that Nepal should be able to take benefits of its position between the two growing economies– China and India. “There is huge potential of expanding Nepal’s export trade given its geo-political proximity with India and China,” he said.

He assured that the government of Czech Republic was ready to work with the government of Nepal and private sector in various economic and political sectors.

Narendra Kumar Basnyat, Acting President of the Confederation of Nepalese Industries (CNI), said that the time had come to gear up the bilateral economic relations between the two friendly nations.

He informed that the two private sector institutions were going to sign a Memorandum of Understanding (MoU) for further enhancing the bilateral trade of Nepal and the Czech Republic.

Presently, Nepal has been importing various products such as glass beads, cars, and machinery for textiles/print, electrical, fertilizers, pharmaceutical, live poultry of worth around US$3.66 million from Czech Republic annually while it exports garments, readymade garments, and medicines worth around US$ 1.593 million per year.

Related Post

Air Arabia introduces flights to new European destination Prague , Air Arabia — the Middle East and North Africa’s first and largest low-cost carrier (LCC) —has announced the introduction of its new European dest...
New international airport to build next year Minister for Tourism and Civil Aviation Khadga Bahadur Bishwakarma on Monday said that construction of the second international airport at Nijgadh w...
Nepal Entrepreneurship Summit 2019 in the Capital on Feb 14 The Confederation of Nepalese Industries (CNI), in association with various government agencies and the private sector, is hosting the Nepal Entre...
Goma Air to start flights to Lukla and Jomsom Goma Air today announced two new destinations — Lukla and Jomsom — and said the airlines aims to connect to all destinations within the country in t...
‘Buddhist Circuit’ pilgrimage tour package by year’s end The private sector has taken initiative to launch a fixed destination pilgrimage tour package entitled 'Buddhist Circuit' by the end of 2010. The p...
CAAN recommends discount on landing charges at TIA The Civil Aviation Authority of Nepal (CAAN) has recommended giving foreign airlines a 15 percent discount on landing charges at Tribhuvan Internati...
Nepal moves up five ranks to 125th place in GCI Although Nepal’s economy is not doing well, its competitiveness in the global arena has improved a bit. The Global Competitiveness Index 2011-12 (GC...
Nepal Airlines plan to purchase new aircraft dumped Nepal's tourism industry has been disheartened after the bid by Nepal Airlines Corporation (NAC) to buy two new aircraft was dumped by the parliamen...
Oman Air and Manila Airlines to begin flights to KTM Oman Air, the flagship company of the Sultanate of Oman's civil aviation sector, and the Spirit of Manila Airlines Corporation (Spirit of Manila), a...
Nepal stood in 130th position in ‘Global Competitiveness’ Nepal stood in 130th position in Global Competitiveness Report 2010-2011. Switzerland is on the top of the list of the report prepared by analysing...
Japanese airlines ground Dreamliners after emergency landing An ANA Boeing 787 Dreamliner is seen after making an emergency landing at Takamatsu airport Japan's two leading airlines grounded their fleets of Bo...
US, Australia interested in signing ASAs with Nepal Nepal is mulling signing air service agreements (ASAs) with the US and Australia after the two countries evinced interest to establish air links wit...
Nepal ranks 102nd in Economic Freedom of the World 2018 report Nepal ranked 102nd out of 162 countries and territories included in the Economic Freedom of the World: 2018 Annual Report, released today by Samri...
Ad & Media Expo scheduled for April 8 at UWTC The Direction Exhibition and Convention Centre (DECC) and Alpabiram in association with the Advertising Association of Nepal (AAN) are scheduled to ...
Malaysia Airlines to begin flights to Kathmandu Malaysia Airlines is on its way to start its operation from Kathmandu. Secretary at Ministry of Tourism and Civil Aviation (MoTCA) Nagendra Prasad G...
US readying to invest in Nepal Nepali Ambassador to United States Dr Shankar Sharma said that he is working on Trade and Investment Framework Agreement (TIFA) to increase competit...
Air passengers decrease by 6% Tribhuwan International Airport (TIA) handled 2.65 million passengers in the first 10 months of 2015. The figure is 5.99 percent lower compared to ar...