On May 10, Nepal hosted a significant event where the Banking, Finance and Insurance Institute of Nepal (BFIN) partnered with the India-Nepal Center of the PHD Chamber of Commerce and Industry (PHDCCI) to conduct an upscale symposium focused on utilizing economic reforms to propel Nepal’s development aspirations in Kathmandu.
The symposium entitled “Nepal’s Ambitious Journey: Leveraging Benefits from Economic Reform” assembled an esteemed group of thinkers, policy makers, economists, and business professionals from both Nepal and India. The aim was to thoroughly discuss Nepal’s economic reform strategies along with potential opportunities for improved cooperation at bilateral and regional levels.
In his welcoming remarks, Dr. Binod Atreya, who serves as the Managing Director of BFIN, established a focused atmosphere for the event. Meanwhile, during his keynote speech, Sanjeev Sanyal—who holds membership within India’s Economic Advisory Council to the Prime Minister—provided insightful perspectives about India’s own progress through reforms and suggested practical takeaways pertinent to Nepal.
Binod Chaudhary—a Representative in the National Assembly and former President of the Confederation of Nepalese Industries (CNI)—highlighted how a vibrant private sector plays an indispensable part in implementing successful economic transformations effectively.
Dr. Prakash Kumar Shrestha, who serves as a member of Nepal’s National Planning Commission, along with Prasanna Shrivastava, the Deputy Chief of Mission at the Indian embassy in Nepal, reiterated India’s backing for Nepal’s development goals. They presented valuable perspectives on how economic reforms could be utilized to benefit an ambitious Nepal.
Notable additional speakers were Chandra Prasad Dhakal, President of FNCCI; Guru Prasad Paudel, Executive Director at Nepal Rastra Bank; Upendra Prasad Poudel, President of CBFIN; Ram Kumar Tiwari, Managing Director & Chief Executive Officer of Nepal SBI Bank Ltd., and Anand Jha, Head of Government Engagement for India & South Asia at Visa Inc. The panel discussion, led by Atul K. Thakur, Secretary of the India-Nepal Centre (PHDCCI), delved into topics like policy innovation, changes in the financial sector, and sustainable development across regions.
Gathering policymakers, economists, and business executives, the symposium offered crucial perspectives on bolstering bilateral economic relations. Featuring prominent speakers such as Sanjeev Sanyal, an eminent economist and member of the Prime Minister’s Economic Advisory Council in India, the event underscored critical sectors where collaborative initiatives could foster common growth. Centered around practical approaches, this forum promoted enhanced collaboration, creativity, and regulatory coordination to realize their combined economic promise, paving the way towards a more robust and affluent future for both countries involved.
Organizers stated that the symposium offered significant perspectives on how economic reforms could boost Nepal’s progress and expansion. Attendees explored methods to utilize these changes towards fostering sustainability, wealth generation, and employment opportunities nationwide. Additionally, the gathering encouraged cooperation and information exchange among Nepal and nearby nations, notably India, aiming to improve the impact of reform efforts. Decision-makers, financial experts, and business heads delved into practical measures Nepal should adopt to synchronize with evolving regional economic patterns. In summary, the symposium underscored the critical function of economic restructuring in defining Nepal’s trajectory and stressed the necessity of equitable advancement benefiting every citizen.
The event saw enthusiastic involvement from high-ranking governmental leaders, business tycoons, scholars, and journalists. It functioned as a key platform for discussing actionable economic changes crucial for Nepal’s sustained development and autonomy. This influential undertaking represented an essential advancement in enhancing economic discussions, bolstering inter-regional collaboration, and outlining a transformative approach towards achieving a thriving Nepal.
Published by HT Digital Content Services with authorization from Republica.
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