Chinese President Xi Jinping is expected to visit Nepal in October, sources said. This comes days after Nepal’s biggest business group signed a deal with Chinese telecom major Huawei for 5G-ready network in the strategically important Himalayan country.
Last month, Nepal hosted Foreign Minister Wang Yi, who discussed the presidential visit with officials in Kathmandu.
The Minister was also expected to visit India at that time, which, however, did not materialise in the backdrop of developments Indian actions regarding Kashmir that China had criticised.
Later, Nepali Defence Minister Ishwore Pokharel had announced that during President Mr. Xi’s visit, both sides will sign a deal to build a road that will connect Kathmandu with Kerung, an important Tibetan stop for traders and pilgrims visiting Kailash Mansarovar.
President Xi’s visit is expected to take place after his visit to India, which is yet to be announced by New Delhi. Soon after the visit of the Chinese Foreign Minister, Beijing scored a major point on the technology front with the Chaudhary Group (CG) of Kathmandu, led by billionaire Binod Chaudhary, tying up with Huawei. Mr. Chaudhary plans to invest $250 million to allow Huawei build 4G network that can be upgraded to 5G by the telecom major.
Speaking on the tie up with Huawei, Nirvana Chaudhary, managing director of CG Corp Global, said, “We firmed up the deal in Barcelona and are going to build a complete 5G ready network in Nepal.”
The Nepali conglomerate’s tie up with the Chinese tech major comes in the backdrop of continued discussion in India over whether to allow Huawei enter the 5G domain in view of security concerns. India was recently advised by Australian experts on the alleged security risks in Huawei’s 5G capability.