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Lack of connectivity hurts business in S Asia: analysts

UNB, Kathmandu
Lack of proper connectivity is a major hurdle to trade and investment in South Asia, said a leading Indian businessman yesterday.
"The region should emerge as a prosperous region. It's my personal dream. We're ready to offer things with an open heart," Vikramjit Singh Sahney said on the sidelines of the fourth Saarc Business Leaders' Conclave in Kathmandu.
Sahney is set to take over the charge of Saarc Chamber of Commerce and Industryforthe next term.
Many of Saarc business leaders believe that India, being a big player in the region, does not play its due role in regional development.
“It's not true. We want to play a
proactive role for the development of trade and investment in the region," Sahney said.
He said free mobility and trade will have to be ensured for further development.
“But I see only an impediment which is a visa problem. It should be resolved. We're so near to each other. We need to enhance physical and mental connectivity.’’
Sahney said it is the responsibility of India to play an active role in all the areas.
Earlier, at a discussion on trade and investment opportunities in South Asia and challenges, experts and business leaders urged India to play an active role for the economic growth and investment in the region.
The session was chaired by Centre for Policy Dialogue Chairman
Rehman Sobhan.
"India, being a big economy in the region, has to play the key role. This region, especially India, has a big market where countries want duty-free access,” Sobhan said.
Other countries should be prepared to enter the Indian market. "We're trying to enhance the communication and connectivity within the region," he said.
This region, especially India, has a big market where countries want duty-free access, said Sobhan.
He said it needs to be sure whether Chittgaong and Mongla ports have infrastructural capacities for allowing Nepal and Bhutan to use the seaports. "It takes time at the government-level to implement any decision. Momentum is needed in this regard."