• TravelBizNews > News > Nepal News > Nepal, India sign 8 MoUs , PM urges business communities to invest in Nepal

    Nepal, India sign 8 MoUs , PM urges business communities to invest in Nepal

    August 24, 2017
    Nepal News
    Nepal, India sign 8 MoUs , PM urges business communities to invest in Nepal

    TravelBizNews Online —

    New Delhi: Nepal and India signed eight memorandum of understanding (MoUs) .The MoUs were exchanged during a joint press meet of Nepal’s Prime Minister Sher  Bahadur  Deuba and Indian PM Narendra Modi at the Hyderabad House here today.

    India has committed to help Nepal in development projects and reconstruction following the devastating April 2015 earthquake.

    MoUs/Agreements signed during the State Visit of Prime Minister of Nepal to India (August 24, 2017)

    1. MoU on Modalities for Utilization of India’s Housing Grant Component to support Reconstruction of 50,000 Houses   

    2. MoU on Implementation of the Grant Component of India’s Post-Earthquake Reconstruction Package in the Education Sector in Nepal

    3. MoU on Implementation of the Grant Component of India’s Post-Earthquake Reconstruction Package in the Cultural Heritage Sector            

    4. MoU on Implementation of the Grant Component of India’s Post-Earthquake Reconstruction Package in the Health Sector in Nepal

    5. MoU for Implementation Arrangement on Cost Sharing, Schedules and Safeguard Issues for Construction of Mechi Bridge under ADB’s SASEC         Road Connectivity Programme

    6. MoU on Drug Demand Reduction and Prevention of Illicit Trafficking in Narcotic Drugs, Psychotropic Substances and Precursor Chemical and            Related Matters              

    7. Agreement on Cooperation in the Field of Standardization and Conformity Assessment           

    8. MoU between the Institute of Chartered Accountants of India and Nepal  

    Addressing a joint press meet , Indian Prime Minister Narendra Modi congratulated Nepal for successfully holding the two phases of local level elections and hoped that the step would accelerate prosperity and stability in Nepal.

    Both the Prime Ministers  remotely launched the Katiya-Kushaha and Raxaul-Parwanipur cross-border transmission lines for supply of 50 MW each.

    Earlier, PM  Deuba urged business communities of  India to work together to advance common goal of greater prosperity of both the countries.

    Addressing a program of business leaders from India and Nepal at the Associated Chambers of Commerce and Industry yesterday, he urged to invest, create jobs, and nurture a new climate of innovation and entrepreneurship.

     “In recent years, India-Nepal partnership has witnessed significant growth in all areas of cooperation. The upcoming visit will provide an opportunity to both the sides for holding wide-ranging discussions on issues of mutual interest, and advancing age old, special ties of friendship between our two countries,” a statement of Ministry of External Affairs states.

    Deuba is on a state visit to India from 23-27 August  at the invitation of Prime Minister of India, Shri Narendra Modi.This is his first visit abroad after assuming the office of Prime Minister of Nepal in June 2017.

    Aug. 24 2017 

    Other News

    • Connecting you with the world of travel and tourism

      Theme Park Expo Vietnam 2025

      Asia Pool & Spa Expo , May 10 – 12, 2025 , Guangzhou , China

      KAZAKHSTAN International Exhibition “Tourism & Travel” Almaty, Kazakhstan

      CHINA- Beyond your imagination

      Gulf Cooperation Council Tourism 

      Dubai – As tourism destinations in the Gulf Cooperation Council (GCC) continue to grow, involving local communities in destination development has become increasingly vital for long-term success.

      Abu Dhabi’s Tourism Strategy 2030 aims for 39.3 million visitors per year, while Saudi Arabia’s Vision 2030 targets 150 million domestic and international visits, emphasising how tourism is being established as a key element of economic diversification throughout the region.

      At Arabian Travel Market (ATM) 2025, industry leaders emphasised that sustainable revitalisation of destinations must align tourism investments with community partnerships, cultural authenticity, and immersive guest experiences to provide lasting value for both residents and visitors.

      During the session on “Considerations and Implications of Involving Communities in Destination Revitalisation” on the ATM 2025 Global Stage, experts shared insights into building resilience, enhancing local prosperity, and ensuring tourism growth is both inclusive and enduring.

      Arabian Travel Market 2025, held under the theme “Global Travel: Developing Tomorrow’s Tourism Through Enhanced Connectivity”,  featured more than 200 speakers across three content stages and welcomes over 55,000 travel professionals from 166 countries.

      Messe Berlin India launched 

      to drive growth of ITB India 

      Messe Berlin announces the official launch of Messe Berlin India, a newly incorporated subsidiary that underscores the company’s long-term commitment to one of Asia’s fastest-growing markets. Headquartered in Delhi , the new entity will serve as a strategic base for expanding ITB India and launching future projects tailored to the Indian market. With this establishment, Messe Berlin is reinforcing its vision of India as a regional hub for innovation, collaboration, and sustainable business growth within the exhibition and events industry.

      “Messe Berlin’s presence in India reflects our strategic intent to strengthen our international reach by being where the growth is. India is a key market for us — vibrant, diverse, and full of opportunities. With Messe Berlin India, we are laying down long-term foundations to build strong partnerships, support local industries, and elevate our global platforms,” said Dr. Mario Tobias, CEO, Messe Berlin.

      ITB India, inaugurated in 2023, continues as the flagship event under the new subsidiary. Held annually, ITB India is a three-day B2B travel trade show and convention that connects the global travel and tourism industry with the Indian market. Alongside MICE Show India, Travel Tech India, and the ITB India Conference, ITB India serves as a unique platform to forge new partnerships, strengthen existing ties, and capitalize on the fast-growing potential of the Indian and South Asian travel economies. The show hosts key players from the MICE, Leisure, Corporate Travel, and Travel Technology sectors. The upcoming edition, ITB India 2025, will take place from 2 – 4 September 2025  in Mumbai.

      FACTS —

      Tourism helps in:

      👉Reducing poverty

      👉Reducing Inequalities

      👉Promoting gender equality

      👉Fostering decent work and economic growth

      World Tourism Day 2021: ‘Tourism for Inclusive Growth’

      In 2019, Travel & Tourism’s direct, indirect and induced impact accounted for:
      -US$8.9 trillion contribution to the world’s GDP
      -10.3% of global GDP
      -330 million jobs, 1 in 10 jobs around the world
      -US$1.7 trillion visitor exports (6.8% of total exports,
      28.3% of global services exports)
      -US$948 billion capital investment (4.3% of total
      investment)

      Best Tourism Villages 2024

      ” Nihao ! China ” Silk Road Tourism