A high-level delegation of Indian investors has urged Prime Minister Baburam Bhattarai to form a high-level mechanism to oversee the development of hydropower along with favourable environment and policy to secure foreign investment.

The delegation led by Ashok Haldia, director of Power Trade Corporation (PTC) India made the call during the meeting with Prime Minister Bhattarai at his office Tuesday. Representatives of Financial Services Ltd under the coordination of Confederation of Indian Industry (CII) and Federation of Nepalese Chambers of Commerce and Industry (FNCCI) were also present in the meeting.

On the occasion, Haldia said that transmission lines between the Nepal and India should be established at the earliest for supply of electricity between the two countries.

The delegation also mentioned that Indian investment could flow to Nepal's hydropower and other potential sectors through the support of FNCCI-CII Joint Economic Council (JEC).

FNCCI-CII JEC is set to come up with a concept paper for the development of hydropower in Nepal within this month. nepalnews.com