Nepal offers huge investment opportunities: President

Nepal

Kathmandu, April 28 President Bidhya Devi Bhandari urged Chinese entrepreneurs to benefit from immense investment opportunities being unfolded in Nepal.

She was addressing Chinese business community at the Nepal-China Economic and Trade Forum organised jointly today by the Embassy of Nepal and Economic Joint Committee of China Commercial Stock Enterprises. In her remarks, President Bhandari highlighted the government agenda of economic transformation under the motto of ‘Prosperous Nepal: Happy Nepali& and called on Chinese investors to tap on the investment opportunities available in Nepal arising from its natural resources, political stability and supportive policy environment. &Natural and cultural diversity has made Nepal a tourist paradise round the year.

The government has announced the year 2020 as Visit Nepal Year with the aim of attracting two million tourists,& President Bhandari said . &We also seek investment to upgrade tourism infrastructure including hotels and resorts.

Therefore, it is an opportune time to invest in Nepal. Business environment in Nepal is conducive from all aspects,& she said. President Bhandari urged Chinese investors to invest their capital and experiment technological innovations in Nepal. &I assure you that you will gain for sure if you invest in Nepal.

It will also benefit Nepal in terms of job creation and trade expansion,& she added. Speaking on the occasion, Pradeep Kumar Gyawali highlighted investment opportunities for foreign investors in Nepal and urged Chinese entrepreneurs to take full advantage of the abundant opportunities by investing in hydropower, manufacturing industries, information technology, services, tourism, mining, herbal medicines and agro-based industries. Minister Gyawali unveiled a publication on investment and business opportunities in Nepal, titled ‘Nepal: A land of abundant opportunities& published by the embassy. CEO of Investment Board of Nepal, Maha Prasad Adhikari made a presentation on the policies and procedures in regard to investment opportunities in Nepal. In their speeches, representatives of Federation of Nepalese Chamber of Commerce and Industry and Confederation of Nepalese Industry, and Nepal-China Chamber of Commerce expressed their willingness to enhance mutual partnership between the business enterprises of the two countries and urged Chinese business enterprises to make investments in Nepal diverse sectors. Similarly, representatives of Chinese enterprises investing in Nepal shared their experiences on doing business in the country.

Three separate MoUs on promoting cooperation between Nepali and Chinese organisations, including that between Investment Board of Nepal and China Overseas Development Association, were signed at the event.

Members of Nepali delegation accompanying the president participated in the program. Meanwhile, president Bhandari attended the opening ceremony of the International Horticultural Exhibition 2019 in Beijing. Inaugurated the Nepali Pavilion (Lumbini Peace Garden) at the exhibition, President Bhandari planted a tree sapling brought from Nepal. According to a press release issued by Nepali Embassy in Beijing, President Bhandari was accompanied by Foreign Minister Pradeep Kumar Gyawali, Chief Minister of Province 3 Dormani Paudel, among other members of the Nepali delegation team. The president also visited the White Pagoda temple in Beijing.

Upon arrival, senior officials of the temple welcomed the president and briefed her about the pagoda significance in China cultural and architectural history. Built in the thirteenth century during the Yuan Dynasty by Nepali architect Arniko, the White Pagoda is an iconic heritage symbolising the ageold cultural relation between Nepal and China.