PM urges for Russian investment in Nepal

KATHMANDU, APRIL 23: A visiting delegation of the Chamber of Commerce and Industries from Russia has paid a courtesy call to Prime Minister Pushpa Kamal Dahal ‘Prachanda’. In the meeting held at the official residence of the Prime Minister at Baluwatar today, the delegation discussed various aspects of Nepal-Russia relations and investment prospects, among others, with PM Dahal.

On the occasion, he shared that the Government of Nepal was preparing for the Investment Summit (on April 28-29 this year) to attract foreign investment and, thus, urged the Russian delegation to consider investment in Nepal, according to PM Dahal Secretariat.

“We have prepared for the Investment Summit focusing on the entrepreneurs and foreign investors,” the PM informed the visiting Russian delegation, mentioning about some amendments in the laws to facilitate foreign investors to invest in Nepal. “The government adopts the policy of cooperation to those willing to invest in Nepal,” he assured.

Stating that Russia had been continuously supporting economic development in Nepal, the Head of the Government suggested that there was ample scope for investment in road, agriculture, hydropower projects and information technology in Nepal. Expressing his confidence that the Nepal-Russia ties would remain further strong in the new context, he emphasized enhancing cooperation between the two countries in the coming days.

The Russian delegation was led by Sergey Katyrin, President of the Chamber of Commerce and Industries of the Russian Federation. Present in the courtesy meeting were Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal and Russian Ambassador to Nepal Aleksei Novikov, among others.

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