India is trustworthy partner for Nepal's development, says Union Minister Piyush Goyal

Piyush Goyal

Union Minister for Commerce and Industry, Piyush Goyal has stated that India has always been a trusted partner for Nepal's development, reported news agency ANI.

While addressing the third Nepal Investment Summit, Piyush Goyal in a video message stated that Nepal and India have a strong bond and India always has been a trustworthy friend in Nepal's development.

Goyal also reiterated that Nepal and India not only share a border but also a deep-rooted friendship and a vision for a prosperous future, reported ANI.

While addressing the inaugural session of the Investment Summit, Indian Ambassador to Nepal, Naveen Srivastava, assured of encouraging Indian companies to invest in Nepal.

In his address to the opening session of the Third Nepal Investment Summit 2024 in Kathmandu on Sunday, Srivastava emphasized that promoting investment in Nepal from India would not only boost trade facilities but also create more trade opportunities. He highlighted the significance of Nepal's export of power to India to enrich bilateral relations, reported ANI.

He reiterated India's commitment to enhancing investment in Nepal in the coming days. He said that Nepal and India are actively collaborating in various sectors, including the establishment of integrated check posts, trans-border electricity transmission facilities and energy trade, reported ANI.

Srivastava said, "It is a matter of great satisfaction that India is today the biggest cumulative investor in Nepal with more than 33 per cent of Nepal's FDI stock currently amounting to nearly Nepali rupees 89 billion."

Meanwhile, Stating that the oppostion has totally failed, Union Minister and BJP's candidate from Mumbai North Lok Sabha constituency Piyush Goyal said that the country is safe and moving towards prosperity under the leadership of Prime Minister Narendra Modi.

Earlier in the day, Piyush Goyal held a roadshow in an open jeep with people turning up in large numbers, reported ANI.

Voting in Mumbai North for Lok Sabha polls will be held on May 20.

"This rally is an indication that the people of Maharashtra have taken the resolve to support Mahayuti and take us through victory. Under the leadership of PM Modi, there is massive development, and the country is safe and moving towards prosperity...The Opposition has completely failed...," he told ANI during his roadshow.

Gopal Shetty is a two-time MP who has represented Mumbai North constituency in 2014 and 2019.

Maharashtra has 48 Lok Sabha seats, the second-largest after Uttar Pradesh. The first and the second phases of the ongoing Lok Sabha elections are over. While the first phase took place on April 19, the second phase was conducted on April 26.

Next, the elections in Maharashtra will be held on May 7, May 13, and May 20.

In the 2019 Lok Sabha elections, the BJP won 23 out of 25 contested seats, while the undivided Shiv Sena secured 18 out of 23 seats.

The undivided NCP, part of the opposition alliance, contested 19 seats and won four. Following the split in the Shiva Sena 2022, the Eknath Shinde faction aligned with the BJP.

The counting of votes will be held on June 4.

(With inputs from ANI)