Key Points

The BFIN and PHDCCI India-Nepal Centre hosted a high-level symposium on Nepal's economic reforms, featuring insights from Indian and Nepalese experts. Keynote speaker Sanjeev Sanyal shared lessons from India's reform journey, while Binod Chaudhary emphasized private sector involvement. Policymakers and industry leaders discussed strategies for regional collaboration and sustainable growth. The event strengthened dialogue on Nepal's economic transformation and bilateral cooperation with India.

Key Points: BFIN and PHDCCI Symposium Explores Nepal Economic Reforms with India

  • Nepal-India economic collaboration explored at BFIN-PHDCCI symposium
  • Sanjeev Sanyal shares India's reform insights
  • Binod Chaudhary stresses private sector role
  • Policymakers discuss sustainable regional growth
3 min read

BFIN and PHDCCI India-Nepal Centre host symposium on An Aspiring Nepal: How to Benefit from Economic Reforms?

Experts including Sanjeev Sanyal and Binod Chaudhary discuss Nepal's economic reforms and India-Nepal collaboration at BFIN-PHDCCI symposium.

"India's reform journey offers actionable lessons for Nepal's economic transformation – Sanjeev Sanyal, PM's Economic Advisory Council"

Kathmandu, May 10

The Banking, Finance, and Insurance Institute of Nepal (BFIN), in collaboration with the India-Nepal Centre of the PHD Chamber of Commerce and Industry (PHDCCI), successfully organised a high-level symposium titled "An Aspiring Nepal: How to Benefit from Economic Reforms?" at the Radisson Hotel, Kathmandu.

The symposium brought together a distinguished assembly of thought leaders, policymakers, economists, and industry experts from Nepal and India to engage in a comprehensive dialogue on Nepal's economic reform agenda and the prospects for enhanced bilateral and regional collaboration.

Dr Binod Atreya, Managing Director of BFIN, delivered the welcome address, setting a purposeful tone for the program. Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister of India, delivered the keynote address, offering compelling insights into India's reform journey and outlining actionable lessons relevant to Nepal. Binod Chaudhary, Member of the House of Representatives and President Emeritus of the Confederation of Nepalese Industries (CNI), underscored the critical role of a dynamic private sector in advancing effective economic reforms.

Noteworthy remarks were also shared by Dr Prakash Kumar Shrestha, Member of Nepal's National Planning Commission, and Prasanna Shrivastava, Deputy Chief of Mission at the Embassy of India in Nepal, both of whom reaffirmed India's support for Nepal's developmental aspirations.

Additional distinguished speakers included Chandra Prasad Dhakal, President, FNCCI; Guru Prasad Paudel, Executive Director, Nepal Rastra Bank; Upendra Prasad Poudel, President, CBFIN; Ram Kumar Tiwari, MD & CEO, Nepal SBI Bank Ltd.; and Anand Jha, Head of Government Engagement-India & South Asia, Visa Inc. The panel discussion, moderated by Atul K Thakur, Secretary, India-Nepal Centre (PHDCCI), explored key themes such as policy innovation, financial sector transformation, and sustainable regional growth.

The program provided valuable insights into strengthening bilateral economic ties. With keynote addresses and discussions featuring distinguished experts, including Sanjeev Sanyal, an eminent economist and Member of the Economic Advisory Council to the Prime Minister of India, the program highlighted key areas where joint efforts can drive mutual prosperity.

Focusing on actionable strategies, this platform encouraged deeper cooperation, innovation, and policy alignment to unlock shared economic potential, shaping both nations' stronger and more prosperous future.

The symposium provided insights into the potential benefits of economic reforms for Nepal's growth and development, discussed strategies for leveraging economic reforms to promote sustainability, prosperity, and job creation in Nepal, fostered collaboration and knowledge-sharing between Nepal and neighboring countries, particularly India, to maximise the impact of reforms, engaged policymakers, economists, and industry leaders in discussions on actionable steps for Nepal to align with regional economic trends and raised awareness about the role of economic reforms in shaping Nepal's future and the importance of inclusive growth for all citizens.

The program witnessed active participation from senior government officials, corporate executives, academics, and media representatives. It served as a strategic forum to deliberate on practical economic reforms vital to Nepal's long-term growth and self-reliance. This impactful initiative marked a significant step forward in enriching economic dialogue, reinforcing regional cooperation, and shaping a reform-oriented path toward a more prosperous Nepal.

- ANI

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Reader Comments

R
Rajesh K.
This is exactly the kind of collaboration we need more of in South Asia! 🇮🇳🤝🇳🇵 India's experience with economic reforms can be a great learning for Nepal. Hope they implement some of these ideas - it will benefit both our economies in the long run.
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Priya M.
While I appreciate the initiative, I hope Nepal maintains its economic sovereignty. India's support is welcome, but reforms should be tailored to Nepal's unique needs rather than copying India's model blindly. The private sector involvement is a good sign though.
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Amit S.
Great to see such high-level engagement! Nepal's economic growth is important for regional stability. As an Indian businessman, I see huge potential for cross-border trade if reforms are implemented properly. Maybe we'll finally get that Kathmandu-Delhi highway moving faster!
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Sunita R.
The focus on sustainable regional growth is crucial. Both countries should work together on environmental protection in the Himalayas while pursuing economic development. After all, we share the same mountains and rivers 🌄
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Vikram J.
Hope this leads to easier business regulations between our countries. I've been trying to set up a small handicraft export business to Nepal but the paperwork is a nightmare. More such dialogues please!
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Neha P.
While economic cooperation is good, I hope they also discussed people-to-people connections. The open border between India and Nepal is a unique relationship that needs to be preserved even as economies modernize. Our cultures have been intertwined for centuries!

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