India-Nepal Startup Connect organised in wake of Republic Day celebration

Jan 25, 2023

Kathmandu (Nepal), Jan 25 (ANI): The Indian Embassy in Kathmandu on Tuesday organised India-Nepal Startup Connect to bring together the start-up ecosystems of the two countries in association with the Confederation of Nepalese Industries Young Entrepreneurs Forum (CNIYEF). The event focused on fostering connections between India and Nepal's startup ecosystems. The event celebrated 75 years of India-Nepal diplomatic relations as well as 75 years of India's independence. The Governor of Nepal, Rastra Bank Maha Prasad Adhikari, was the chief guest at the event. Addressing the inaugural session, the Ambassador of India to Nepal, Naveen Srivastava highlighted India's G20 Presidency and Nepal's participation in the Finance Track of the G20 during India's presidency. During the event, Governor of Rastra Bank Maha Prasad Adhikari elaborated on the theme of "Digital Nepal" and spoke about 2023 being Nepal's "Digital PaymentPromotionYear."Crossborder payments and QR payments were mentioned as potential areas for cooperation as he urged stronger fintech cooperation between India and Nepal. The Startup India scheme was launched on January 16, 2016, and has supported more than 4200 startups in India through its Seed Fund. CEO of Paynearby Anand Bajaj gave an overview of how the fintech sector in India has evolved with support from the government, regulators, and industry.