Nepal Outlines Strategy for Economic Interdependence with India
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What happened
Nepal's Foreign Minister Sishir Khanal announced a strategy focused on converting geographical proximity into structured economic interdependence between Nepal and India. This policy, termed 'Thick Connectivity and Thin Borders,' involves a shared 1700 km open border with five Indian states, including Uttarakhand, Uttar Pradesh, Bihar, West Bengal, and Sikkim. The country possesses 43 GW of viable hydropower potential, which it plans to scale to 28,000 megawatts by 2035 to power regional industrial decarbonization.
From ianslive.in
Why it matters
The strategy aims to attract manufacturing investment by developing Special Economic Zones along the border. These SEZs would utilize low-cost green electricity and international market access, targeting global and Indian firms.
From ianslive.in
Who's involved
- NepalGeopolitical state pursuing structured economic interdependence through open borders and SEZs.
- Uttar PradeshIndian state sharing a segment of the open border with Nepal.
- SikkimIndian state sharing a segment of the open border with Nepal.
- BangladeshPotential market for clean electricity exported from Nepal.
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The entities involved
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Nepal
country in South Asia