Private sector hopes Investment Summit will boost industrial sector

Kathmandu, March 27. The 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 federal system and new constitution in place. T

he 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 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. 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 keen interest in the Investment Summit. It is encouraging indeed that Nepal has 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 2073BS, would be helpful to inform and convince the foreign investors that Nepal has really created a favourable 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 is no hassles for the investors to secure 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