Nepalese Prime Minister KP Sharma to inaugurate 6th SAARC Biz Leaders Conclave today

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KATHMANDU: Prime Minister of Nepal KP Sharma Oli will inaugurate 3-day 6th SAARC Business Leaders Conclave on March 16 (today) at Kathmandu featuring direct one on one interactive discussions and deliberations between torch bearers and influential leaders of the South Asian economy.

Suraj Vaidya, President SAARC Chamber of Commerce and Industry said that ministers of commerce and industry and scores of the top business leaders from all member countries including Prabob Mukherjee, former President of India will grace the event. He said that event will bring together the region’s economic and business thinkers, doers and change makers on one common platform to discuss, debate and create solutions and opportunities
to take South Asia on the track of shared prosperity through economic integration.

He said that South Asia is the fastest growing region in the world but still there are plenty of challenges including the internal challenges of meeting and overcoming policy, fiscal and financial vulnerabilities. All South Asian countries have liberalized their foreign investments laws and rules and are actively competing for international investment. But there is very few joint ventures involving businessmen from various countries within the region. Emergence of truly South Asian multinationals successful in the
global economic space is must for shared prosperity. He said that top class panels and moderators of 12 sessions of the conclave will discuss models for building better business partnerships and increase the intra-regional capital flows and ways to unlock the potential of regional economic co-operation and integration while building public-private collaborations.

This is the second time Nepal is hosting the conclave. Nepal had last organised this event in 2011.

“One of the issues that Nepal must raise during the meeting is cross-border movement of vehicles in Bangladesh, India and Nepal. This would help us to promote trade between the three countries,” said Vaidya.

The theme of the conclave is “ Unleashing Shared Prosperity through
economic Integration” and this mega event is being organized in
collaboration with Government of Nepal, Federation of Nepalese Chambers of Commerce and Industry along with national chambers of South Asian countries in partnership with Friedrich Naumann Foundation for Freedom (FNF).

In inaugural session President SAARC Chamber Suraj Vaidya will present welcome address while President Federation of Nepal Chamber of Commerce and Industry Bhawani Rana, FNF Regional Director, Dr. Ronal Meinardus Secretary General SAARC Amjad B Sial, Nepalese Minister for Industry, Commerce and Supply Matrika Yadav and SVP SAARC Chamber and forthcoming new President SAARC Ruwan Edirisinghe will also address on the occasion.

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