President Paudel urges Japanese to invest in Nepal

KATHMANDU, JULY 29: A delegation led by Takebe Arata, a Japanese parliamentarian, called on President Ramchandra Paudel today.

In the meeting held at the Office of the President - Shital Niwas - President Paudel informed the visiting Japanese delegation that Nepal had a suitable environment for investment in sectors such as hydropower, tourism, and agriculture.

Apprising the delegation that the Government of Nepal had recently reformed laws to create an enabling environment for investment, the Head of State urged Japanese investors to consider investing in Nepal, according to the Secretariat of President Paudel.

Expressing his gratitude for Japan's 'unconditional and selfless' support towards Nepal, he thanked Japan for its support, especially in the areas of infrastructure, agriculture, and health.

Mentioning that Nepal's relationship with Japan was culturally connected through the medium of Lord Buddha, the Light of Asia, he observed that the relationship between Nepal and Japan was strong at the people-to-people level as well.

He further asserted that the two countries shared a close bond due to the fact that both countries express the same voice in international forums on political agendas such as democracy, human rights, and the rule of law, according to the President's Secretariat.

Furthermore, President Paudel expressed his satisfaction with the performance of Nepali students returning from Japan after acquiring skills there.

On the occasion, the Japanese delegation drew President Paudel's attention to creating a favorable environment for Japanese companies willing to invest in Nepal.

They shared that they were happy to meet Nepali students aspiring to travel to Japan for further studies and eager to return home after acquiring skills there.

Arata, also Chairperson of the Standing Committee on Judicial Affairs, House of Representatives in Japan, said that the Japanese delegation suggested the Government of Nepal focus on economic decentralization and creating a favorable environment for returnees to stay and work in Nepal.