Kathmandu, March 28: The private industrial sectors and business persons are hopeful that the imminent Investment Summit would boost industrial prosperity in the country.
The Investment Summit is being organized for the first time after the establishment of a stable government with the federal system and new constitution in place. The Investment Summit can be a medium to attract foreign investment for the prosperity of country’s industries, they viewed, arguing that the event could be a golden opportunity for Nepal to draw foreign investor’s attention. Also, it would be a fruitful platform to exchange knowledge, skills, and experiences in the industrial sector for future development.
To this regard, Chairperson of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Bhawani Rana, observed that the initiative to hold the mega event by the government is positive to create the investment climate. The efforts for policy and procedural reform would be meaningful for job creations. “Prime Minister KP Sharma Oli has urged both national and international communities for the investment in Nepal to boost economic status. The private sector is encouraged with PM’s call on foreign investors during his visit to Davos and the US,” she reminded.
With the coordination and cooperation of FNCCI, CNI and Nepal Chamber of Commerce, the government has prepared 77 projects based on industry, tourism, physical infrastructures, energy, ICT, agriculture and forest products to showcase in the two-day Summit being held in Kathmandu on coming Friday and Saturday.
Chairperson of Nepal Chambers of Commerce, Rajesh Kaji Shrestha, said, “Foreigners have shown a keen interest in the Investment Summit. It is encouraging indeed that Nepal has the commitment of participation of 600 investors from 40 countries,” he said, adding that it was felt that the government made the diplomatic efforts actively.
Moreover, Chairperson of Confederation of Nepalese Industries (CNI), Haribhakta Sharma hoped that the Summit being held in the background of stable politics and government in Nepal since the first Investment Summit of 2073 BS, would be helpful to inform and convince the foreign investors that Nepal has really created a favorable atmosphere for investment.
He underscored the need for government and private sectors to make the Summit successful. “It is useless and unwise to doubt the investment atmosphere in Nepal. There are no hassles for the investors to secure an investment return,” he argued.
It is widely expected that there would not be any hassles for the foreign investors to secure investment and returns because various laws have been amended. RSS
