Saying that telecommunication sector is the most importation sector of cooperation between two countries, Stav said the Israeli investors are especially eying the cellular mobile sector the coverage of which is still at low level. [break]
“Israeli companies are taking Nepal as one of the profitable markets where coverage of cellular phone is still at low level but has huge potential of expansion,” said Stav. “They are already involved in some telecom projects in Nepal such as building telecom towers.”
The Israeli envoy also stated that Nepal´s topography is more suitable for expansion and upgrading of telecommunication system.
“However, it will be difficult to invest huge money in other infrastructure sectors because of Nepal´s topography,” Stav said. He also hinted about the possible involvement of Israeli businesspeople in supplying materials for hydropower projects. “Israeli companies have specialization in producing different equipment such as valve used in hydropower projects. Though Israeli investors do not have the experience of building hydropower projects, they can contribute by supplying equipment like they are doing in China,” he added.
Hailing the contribution of Nepal´s agriculture sector that contributes over one-third of gross domestic product (GDP), Stav assured continued support in developing agriculture human resources and transferring agro-technology of Israel.
“Nepal has diverse climatic condition and farmers here can increase productivity by adopting advanced technologies. We are supporting Nepal in enhancing human resource capacity for advanced technology as well as preserving traditional knowledge of farmers to raise their income level,” he said.
To start with, Israel has set up a demonstration plot stretched across 2 ropanis (1017.44 sq.m) in Mahadevbesi of Dhading for indigenous Danuwar community.
As Nepal and Israel celebrates 50 years of diplomatic relations, Stav said the two countries need to explore new avenues for strengthening economic cooperation between the two countries.
“It is a joyous occasion for both the countries that have been enjoying time tested friendship. We are still focused on building Nepali human resources through training in Israel that has modernized its agriculture sector.
Israel has so far supported training of more than 2,000 Nepalis. Every year, it provides training to 50 Nepalis in different sectors.
Despite enjoying five decades of diplomatic relations, the trade volume between the two countries is still very small. Nepal exported goods worth Rs 5.58 million to Israel in fiscal year 2007/08, while Nepal imports from Israel during the period stood at Rs 560.15 million.
“However, Israel is a potential market for Nepali goods such as tea, coffee and carpet which have special significance among upper and middle class people there. So, Nepali business community should expand their relation with Israeli business people to explore more trade prospects,” Stav suggested.
prabhakar@myrepublica.com
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