Copycat,
Exactly, that is the concern. Another important thing to be noted-- India and Nepal share the open Border, if there are jobs availabe
in Nepal (in industries opened by indians), who will get the first priority?  That is an open question.
I woud rather do BIPPA with USA, Canada,  S. Korea, Russia, china, Europe etc....which brings in more money and
do not invite cheap labours from other countries and that ensures the Jobs (labour) to Nepali Citizens...