Kathmandu, March 5

Nepali businesspersons in India have shown interest to invest in Nepal in various sectors.

As part of their plan, they informed that a well-equipped resort at Bardiya National Park would be built at a cost of Rs one billion under the Federation Everest Chamber of Commerce and Industries (FECCI).

The information was shared at a press conference organised by FECCI in the Capital today. FECCI representatives were in the Capital to take part in the recently held Nepal Investment Summit.

Addressing the meet, FECCI President Yubraj Baral said Bardiya has been prioritised for investment as the district has a huge potential for tourism development with its natural beauty and a mix of art and cultures.

He also informed that many resorts would be constructed in 25 various places near Bardiya. The move aims to boost development in the local tourism sector by utilising local resources and local human resources, he said, adding that the size of the investment would rise to Rs five billion within the next five years.

FECCI General Secretary Mohan Karki rued the political instability, extortion spree and frequent protests in Nepal, which he said would put investment at risk. “The government should create an environment conducive for investors as there are many Nepalis in India wishing to invest in Nepal. There are many heritage sites in the country and Nepal’s economy could be improved once they are properly utilised. We could bring in one million Indian tourists every year,” he said.