Domestic firms eye Nepal for expansion

KATHMANDU - Chinese businessmen who participated in the China-South Asia Expo in the Nepali capital Kathmandu said they are eager to expand their markets in Nepal, with many set to open outlets here to sell their products.

The four-day event, which concluded on Sunday, is the first overseas tour of the expo, and more than 100 Chinese companies, mostly from Southwest China's Yunnan province, have been showcasing their goods and services.

One of the Chinese companies hoping to expand their markets is China Kunming Beilite Technology Co Ltd, which has been manufacturing gates to be operated by using remote controls.

Xiu Fengchen, general manager of the company, said they were examining possible demand for their electric chain gates in Nepal and based on the demand, they would decide whether to open an outlet in the country.

According to the company, the chain gate can be opened or closed with a remote control from as far as 30 meters. Schools, offices and hospitals are among their expected customers.

Yunnan Commercial Representative Office in Kathmandu said the expo would open the door for more economic cooperation between China and South Asia under the Belt and Road Initiative.

Shawn He, representative of the office, said: "The Yunnan based companies have shown interest to increase economic and business engagement with South Asian and Southeast Asian countries."

Xinhua