July 14: India has made it clear that Nepal will not be affected by the ban on exports of wheat, sugar and other commodities. Indian Ambassador to Nepal Navin Srivastav said the ban imposed by the Indian government on wheat and sugar exports would not apply to Nepal.
Speaking at a reception organized by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Wednesday, Srivastav clarified that the export ban is not intended for Nepal.
India had announced a ban on wheat and sugar exports in May. Stating that the Indian government is in favour of Nepal's economic development along with its own, Shrivastav added, "India is always ready to support Nepal's every effort for progress, and both countries are willing to work in a joint venture."
On the occasion, FNCCI President Shekhar Golchha said that Nepal's industries would be in trouble due to the export ban. He said that India should also address the issues of capital expansion, infrastructure development of transit points, upgrading laboratories and removal of non-customs obstruction.
”Nepal's trade deficit with India is a matter of concern. Indian help is indispensable to reduce this,” Golchha said, urging help for the construction of the Mirgunj bridge.
He emphasized that the Government of India should also resolve the delay in export of agricultural products due to the lack of laboratories.
“Due to non-customs barriers, there is a problem, especially in the export of agricultural products and herbs. FNCCI has also drawn the ambassador's attention to the facility of using two more ports for trade with third countries,” added Golchha.
Srivastav informed that the Government of India is ready to strengthen Nepal's economy by solving the problems in road, rail, air and also digital connectivity.
Regarding the lab test, the Indian government has established an international-level lab in Raxaul, Srivastav said. The lab in Kathmandu is being recognized in India within a month, he added.
FNCCI informed that it is working to organize the Nepal-India Investment Conference in Kathmandu in collaboration with the Government of Nepal, Government of India, Investment Board Nepal, and Confederation of Indian Industry.