India-Nepal Multimodal Logistics and connectivity Summit Kicks Off in Birgunj

May 24, 2024

Birgunj (Nepal), May 24 (ANI): The "India-Nepal Multimodal Logistics & Connectivity Summit 2024" organised by the PHD Chamber of Commerce and Industry (PHDCCI) concluded on Thursday at Birgunj, Parsa under the aegis of the PHDCCI's Bilateral Think Tank India-Nepal Centre and Logistics Committee. The PHDCCI, India-Nepal Center along with FNCCI (Madhesh Pradesh), Birgunj Chamber of Commerce and Industries (BICCI) and Nepal-India Chamber of Commerce and Industry (NICCI) participated in the summit. At the summit, participants raised various issues like the need to reduce logistics and transportation costs to reduce the burden on consumers and to give priority to Nepali companies while giving management custody of Integrated Check Post (ICP) /Inland Container Depot (ICD). This has provided access to Nepali trucks in India, and improved connectivity by bringing high-speed railways to Indian border towns. The summit brought together key stakeholders from both countries to explore, discuss, and catalyze transformative initiatives for enhancing connectivity and trade. The summit served as a platform for in-depth discussions on enhancing logistics, transportation, and connectivity infrastructure between India and Nepal. During the summit, BICCI President Anil Kumar Agrawal raised his concern regarding unpredictable cost variations for importers. NICCI Birgunj President Abhishek Choudhary highlighted that shipping costs are very high.