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Finance Minister Urges Indian Industrialists To Invest in Nepal

KATHMANDU: Finance Minister of Nepal Dr Yuba Raj Khatiwada has urged the Indian industrialists and businesspersons to invest in Nepal without any hesitation. He made this call while inaugurating the ‘Nepal-India Franchise Investment Expo and Conclave’ in Kathmandu Thursday.

Stating that the present government has created an environment conducive for investment and also carried out policy reforms as well as made arrangements for high profitability and its security, he said Nepal was a suitable destination for investment.

The law related to foreign investment and technology transfer too has been implemented,” the Finance Minister informed. He said Nepal could be a suitable country for franchise investment also and there was the ample opportunity for expanding investment in the service industries as well in the context of the government declaring to celebrate 2020 as the Visit Nepal Year with the goal of welcoming 2 million tourists in that period.

Stating that the private sector has a huge investment in the tourism industry, Finance Minister Khatiwada urged the private sector to invest more in this sector as the number of tourists arrival has been increasing every year.

Federation of Nepalese Chambers of Commerce and Industry (FNCCI) president, Bhawani Rana expressed that the investment expo and conclave would be effective even for exploring further opportunities for investments as the industrialists and businesspersons from Nepal and India would be holding discussions on this topic on the occasion. She urged the Indian investors to pour investment in the tourism, industry, hospital, hotel and allied sectors as these sectors also provided ample opportunities for investment.

Forty seven stalls have been operated at the expo and conclave to provide information on business ideas and opportunities.

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