indian business in nepal

Thursday, May 12, 2005

The Minister of State for External Affairs, Shri E. Ahamed affirmed in the Rajya Sabha today that Maoist insurgency has had a negative impact on business activities in Nepal, including those of Indian ventures. However, there are no reports of permanent closure of Indian companies in Nepal on account of Maoist violence, he added.

The Minister further said that our Embassy in Kathmandu has maintained regular contact with the Indian business enterprises and advised them on security measures. His Majesty’s Government of Nepal, at our request, has also deployed additional security for the protection of the premises of Indian joint ventures, based on the threat perception.

The information was given by Shri Ahmed in reply to a question by Shri T.T.V. Dhinakaran.

AK/SK/JA