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 the Indian entrepreneurs, 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 to India.
In the context when India was making a leap forward in the economic development of the 21st century, there is an array of potential for expanding Indian investment in Nepal and further enhancing bilateral economic relations, PM Deuba noted.
The Prime Minister pledged to take all necessary policy facilitation to attract foreign investment when the people’s lives and the nation’s economy have been adversely battered due to the 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 hydropower as there is huge potential for constructing mega hydropower projects and making trade with neighboring countries including India.
At the program organized by the Confederation of Indian Industries, FNCCI Chair Shekhar Golchha said there is huge potential in the areas of hydropower, tourism, productive sector, and information technology in Nepal.
He further said that the Nepali private sector would facilitate to increase in Indian investment when its size and volume were 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 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 an expansion of the collaboration, implementation of joint investment projects, and facilitation of Nepal-India investment and trade.
