Nepal can bring its dream into reality by means of Chinese dream: Rajendra Kumar

Nepal's prominent industrialist and former lawmaker Rajendra Kumar Khetan has said Nepal can bring its dream into reality by means of the Chinese dream.

In a recent exclusive interview with Xinhua about the Chinese dream, the chairperson of Khetan Group, a leading investment and management business group in Nepal, said that after citizens of China get a better life, it certainly will have good impact on the lives of people here.

He said the Chinese dream will enhance the business sector in China, thus further opening the door for larger cooperation with Nepali private sector.

"Chinese prosperity helps a lot for prosperity in Nepal. The Chinese Dream means a great way to make Nepali dream a reality," Khetan, who is well known for his expertise in international trade, stressed.

Nepal can provide China with wide space for international marketing which might be important for capacity optimization of Chinese companies to fulfill the Chinese dream, said Khetan, adding that Chinese companies can build their hub of education here.

In his opinion, due to the good climatic situation and ease of language, international students might prefer Nepal for top-notch international degrees from Chinese Universities.

On how Nepal can benefit from the rising economies of China and India, the corporate leader said that Nepal must complement China and India in certain core sector viable rather than enjoying trading commodities at the lower level.

Commenting on the possibility of trilateral cooperation among Nepal, China and India, he urged the three countries to start negotiations at the diplomatic level.

The trio should sort out what they will complement and supplement each other. Once these processes are finalized, cooperation will possibly begin straight away, he said.

He even asked the governments of the three countries to seek technical assistance from regional and international organizations like the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and the World Trade Organization ( WTO) if necessary to accelerate the cooperation.

He is of the view that China has technology, finance, competitiveness and above all, good experience in infrastructural development which Nepal does not have.

The industrilaist said "We must be ready to bring in Chinese investment as key of developing infrastructures such as sophisticated tourism, multipurpose storage hydro power projects, transportation, highways, mining industries, among others.''

Famous for his corporate social deeds, Khetan who has played vital role in the development of private sector, insisted that the Nepal government should start promoting service sector especially tourism to balance the foreign trade.

It is essential to establish separate wings under a special body to look after international economic cooperation with China, India, the European Union and other major countries, he said.

"We should establish branding and marketing outlets as 'Nepal House' in major cities of China and India to cater information on handicrafts, food culture, investment opportunities including the service of simplified visa processing," he added.