Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Prime Minister Pushpa Kamal Dahal has said the government is ready to facilitate foreign investors who are willing to invest in Nepal. He mentioned this is in a meeting with SanjivPuri, President Designate of the Confederation of Indian Industry and the Indian delegation.
The CII delegation held a meeting with Prime Minister Dahal, Finance Minister Barsha Man Pun and Minister of Industry, Commerce and Supplies DamodarBhandari on Wednesday. President of the Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal and other FNCCI executive members were also present during the meeting.
During the meeting Prime Minister Dahal also mentioned that the government is willing to make policy reforms to facilitate foreign investors. He added that the government will also provide logistical support to foreign investors. He further urged the CII delegation to invest in Nepal.
Meanwhile, Finance Minister Pun stated that the Indian economy plays a big role in the Nepali economy too. He assured the CII delegation that he would do everything within his capacity to promote trade and investment between Nepal and India. Similarly, Industry Minister Bhandari said he will provide all the necessary support to facilitate industries that are being set up by foreign investors in Nepal.
The CII team led by Puri was in Kathmandu to participate in the 58th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry. Puri was the keynote speaker at the annual general meeting.
The delegation included the chief executive officers of six large industries of India. During the meeting, Puri mentioned that he was happy to see the government committed to making reforms. He added the Indian investors were ready to invest in Nepal and sought facilitation from the Nepali government.
Meanwhile, FNCCI President Dhakal said the FNCCI will provide all the necessary support through the FDI Help Desk at FNCCI secretariat. He also stated the FNCCI will play a leading role in lobbying with the government to make the necessary policy reforms.
The Federation of Nepalese Chambers of Commerce and Industry and the Confederation of Indian Industry have a long-standing partnership. The two organisations signed a memorandum of understanding to cooperate and collaborate in 1994. Last year, FNCCI and CII jointly organised the Nepal India Business Summit in India.
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