KATHMANDU: In order to explore the trade and investment opportunities with focus on tourism in Nepal, PHD Chamber of Commerce and Industry (PHDCCI) under aegis of its India-Nepal Centre/SDC and in association with the Embassy of Nepal organized Visit Nepal 2020 Conclave in Bengaluru on Monday.

The conclave hosted the official launch of Visit Nepal 2020 campaign and the discussions of key decision-makers’ and stakeholders’ from the government and industry, for positioning Visit Nepal 2020 to attract the visitors and investments from Southern India to Nepal.

While delivering the keynote speech, Nepal’s ambassador Nilambar Acharya called for tourism and investment promotion in Nepal and further strengthening of India-Nepal economic relations.

K V Rajan, former ambassador of India to Nepal, highlighted the importance of tourism as a major sector for Nepal, both keeping economic and socio-cultural considerations. He added that, “Endowed with favorable natural conditions, tourism in Nepal is all set to gain new height with Visit Nepal 2020.”

The government declared 2020 as the Visit Nepal with a goal to achieve two million arrivals and daily spend of over $75.

As per the government estimate, in 2018, Nepal received 1.17 million international tourists excluding domestic travellers. The numbers of Indian travels were the highest. The hospitality sector has shown immense promise with several international hotel chains having already entered or in the process of entering the market.

PHDCCI, through its 1,30,00 members – and through its counterparts such Federation of Karnataka Chamber of Commerce and India (FKCCI), Bangalore Chamber of Industry and Commerce (BCIC), India Association of Tour Operators (IATO), Travel Agents Association of India (TAII) and South India Hotel and Restaurant Association (SIHRA), ensured an outreach to over half-million industry entities.