Nepal International Trade Fair kicks off

Kathmandu / March 17: President Bidya Devi Bhandari has inaugurated the fifth Nepal International Trade Fair-2016 amidst a special function organised here today.

Stating that the fair would plat key role in expansion of trade relations in South Asia, President Bhandari said that national economy should be uplifted by giving priority to the domestic products in between the opportunity and challenge of modernization and liberalization.

She stressed the need of paying attention to attract foreign investment and increase export at a time when the new constitution has been heading the country towards the economic development by ending political transition.

President Bhandari suggested to move ahead for self-reliant economy after identification of new business partners and prioritizing industries based on locally available raw materials and internalizing the development of human resource management, tourism development, employment generation, skills, mutual benefits and unique arts.

She also expressed belief that the fair would be successful to establish Nepal as an active and reliable business partner as well as to disseminate a message that Nepal is safe for foreign investment.

Saying that there is a lack of appropriate space and infrastructure development despite increasing trend of organising trade fairs lately, President of Federation of Nepalese Chambers of Commerce and Industry Pashupati Murarka demanded that a venue be built to organise international trade fair at Chovar as per government’s plan.

He said that organising such fairs could boost country’s economy as market of home-made products could be increased through such fairs and such products could be exported.

Likewise, Director General of Indian Chamber of Commerce Dr Rajeev Singh said that Indian industrialists were eager to work for energy development in Nepal.

With the slogan ‘Promotion of Nepal-made products, building of prosperous Nepal’, the five-day fair is organised by the Ministry of Commerce and Supplies and FNCCI.

Fair coordinator Keshab Raj Pandey said that there are 350 stalls showcasing handidraft, information and technology products, agricultural tools in the fair.

Similarly, other different products made in Nepal, India, China, Bangladesh and Pakistan among others, are also put on display. RSS