Qatari King Nepal visit: Nepal seeks economic prosperity through water export
Nepali officials believe that Nepal's water has the potential to tap into international markets, with Qatar emerging as a prime target.
KATHMANDU: Stakeholders have expressed optimism about Nepal’s potential to achieve economic prosperity through water exports, prompting Qatar to also consider water export as a lucrative destination.
Nepali officials believe that Nepal’s water has the potential to tap into international markets, with Qatar emerging as a prime target.
Recent studies have shown that even Gulf countries like Qatar, known for their oil wealth, are facing water scarcity issues. The growing demand for clean drinking water in various countries, coupled with the depletion of water sources, has led to a global conversation on water trade.
A study conducted in Qatar reveals a booming business in bottled water, amounting to over four billion dollars annually, with a steady increase each year. Recognizing the potential of water export, Nepali officials believe that exporting Himalayan water to Qatar could be a lucrative endeavor, potentially contributing to the country’s economic prosperity.
Furthermore, Nepal sees an opportunity to export bottled water to Qatar, which could significantly boost its earnings. With the absence of a law specifically regulating water export, Nepal is considering drafting legislation to facilitate and regulate this burgeoning industry.
Speaking on the sidelines of an investment conference and the visit of the Qatari Emir to Nepal, officials emphasized the importance of Nepal’s contribution to Qatar’s economic development through water exports. Former President of the Non-Resident Nepali Association, Bhawan Bhatta, highlighted the significant role Nepali workers play in Qatar’s prosperity and urged Qatar to consider importing Nepali products, including bottled water, to further enhance economic ties.
According to data from the Ministry of Industry, Commerce, and Supplies, Nepal’s water exports to various countries, including India and Japan, have been steadily increasing. However, there has been a slight decline in exports to Qatar in recent years, prompting Nepal to focus on revitalizing and expanding its water export industry.
Nepal’s Minister of Water Supply, Madhav Adhikari, expressed optimism about the potential of water export to Qatar, stating, “Promoting our clean Himalayan water in Qatar could open up excellent opportunities for both countries.”
Policy initiatives are underway to harness this potential, with a focus on enhancing the quality of drinking water services, improving infrastructure, and addressing current challenges in the water sector. Additionally, efforts are being made to integrate rural and urban water policies to ensure sustainable management and meet future demand.
As Nepal navigates the complexities of water export regulations and infrastructure development, stakeholders are hopeful that this venture will not only bolster economic growth but also foster stronger ties between Nepal and Qatar.
