📝Trade Relations b/w India & Nepal
🔶 Since 1996, Nepal’s exports to India have grown more than eleven times and bilateral trade more than seven times; the bilateral trade that was 29.8% of total external trade of Nepal in year 1995-96 has reached 61.2% in 2015-16.
🔶 Indian firms are the biggest investors in Nepal, accounting for about 40% of the total approved foreign direct investments. There are about 150 Indian ventures operating in Nepal.
🔶They are engaged in manufacturing, services (banking, insurance, dry port, education and telecom), power sector and tourism industries.
🔶 Some large Indian investors include ITC, Dabur India, Hindustan Unilever, VSNL, TCIL, MTNL, State Bank of India, Punjab National Bank, Life Insurance Corporation of India, Asian Paints, CONCOR, GMR India etc.
🔶 The Union Budget 2018 increased the funding allocation of Nepal from 375 crores to 650 crores .
🔶In February 2016 India agreed on giving dedicated access to Nepal to the port of Vizag.
