PM Sher Bahadur Deuba urges Indian entrepreneurs to invest in Nepal
Prime Minister Sher Bahadur Deuba has urged Indian investors, industrialists and entrepreneurs to spur investment in the sectors of energy, infrastructure, and tourism as Nepal has an enabling environment for investment.
In an interaction with Indian business fraternity, PM Deuba who is on an official visit to India said the Government of Nepal was positive to facilitating leveraging Indian investment in Nepal and also the export of manufactured goods towards India.
In the context when India was making leap forward in the economic development of 21st century, there are array of potentials for expanding Indian investment in Nepal and further enhancing bilateral economic relations, PM Deuba noted.
The Prime Minster pledged to make all necessary policy facilitation to attract foreign investment when the people's lives and nation's economy have been adversely battered due to COVID pandemic.
He expressed his confidence that several agreements signed with Indian Prime Minister Narendra Modi in course of the official visit would help exchange energy between Nepal and India and operate railway service in Nepal.
On the occasion, PM Deuba urged Indian investors to flow investment in the trade of hydro power as there is huge potential for constructing mega hydropower projects and making trade with neighbouring countries including India.
At the programme organized by Confederation of Indian Industries, FNCCI Chair Shekhar Golchha said there are huge potentials in the areas of hydropower, tourism, productive sector and information technology in Nepal.
He further said that Nepali private sector would facilitate to increase Indian investment when its size and volume was decreasing in Nepal of late.
On the occasion, CII Chair TV Narendran said Nepal has been an attractive destination for Indian investors and also pledged to facilitate in elevating Indian investment.
Representatives from 30 Indian multinational companies had attended the event.
Meanwhile, FNCCI and CII office-bearers held a discussion on the issues such as expansion of collaboration, implementation of joint investment projects and facilitation on Nepal-India investment and trade.
