KATHMANDU, Jan 28: Suraj Vaidya, president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has urged governments and political leaderships of the South Asia region to implement past decisions to tap the region´s immense trade potentials.
Addressing a special session of the Confederation of Indian Industries (CII) Partnership Summit in Agra, India, Vaidya appealed governments of the region to be honest in implementation of decisions taken in the past.
Vaidya said the region was failing to tap its trade potentials due to failure of political leadership and bureaucratic machinery to implement the past decisions.
"It requires extraordinary leadership and political courage to change the face of this region," reads the speech that Vaidya delivered at the summit on Monday. "Our bureaucratic machinery should acknowledge the urgency of implementing past decisions and agreements in a steadfast manner without misconception and delay."
Highlighting Nepal´s potential in hydropower sector, Vaidya appealed investors and policymakers from the region to come in Nepal with investment in hydropower sector.