Israel eyeing Nepal’s telecom sector: Israeli envoy

Israeli ambassador to Nepal Dan Stav has said Israeli businessmen are interested to tap Nepal´s growing telecommunication sector.

Saying that telecommunication sector is the most importation sector of cooperation between two countries, Stav said the Israeli investors are especially eying the cellular mobile sector the coverage of which is still at low level.

“Israeli companies are taking Nepal as one of the profitable markets where coverage of cellular phone is still at low level but has huge potential of expansion,” said Stav. “They are already involved in some telecom projects in Nepal such as building telecom towers.”

The Israeli envoy also stated that Nepal´s topography is more suitable for expansion and upgrading of telecommunication system.

“However, it will be difficult to invest huge money in other infrastructure sectors because of Nepal´s topography,” Stav said. He also hinted about the possible involvement of Israeli businesspeople in supplying materials for hydropower projects. “Israeli companies have specialization in producing different equipment such as valve used in hydropower projects. Though Israeli investors do not have the experience of building hydropower projects, they can contribute by supplying equipment like they are doing in China,” he added.

Read full story at: myrepublica.com

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