Nepal | December 07, 2019

FNCCI calls on diplomats to attract investors

Himalayan News Service

Kathmandu, February 17

The largest private sector umbrella body has said ambassadors deployed to various countries must pursue economic diplomacy to raise the flow of foreign investment and transfer technology to Nepal.

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) said that foreign direct investment and technology transfer are key to making Nepal prosperous and ambassadors can play an important role in bringing in foreign capital and technology.

“Ambassadors must rely on economic diplomacy to promote Nepal’s interests abroad. The private sector will always provide support to diplomats on this front,” FNCCI President Bhawani Rana told an interaction organised by the FNCCI, adding, “The ambassadors must talk about gradually improving business climate in Nepal and labour relations.

They must also share information about existing laws and policies related to businesses and opportunities that foreign investors can tap in projects here.”

Newly-appointed Nepali ambassadors to India, Malaysia, New York, the UAE, Thailand, Geneva, Canada, France and Kuwait, who were present at the interaction, said they would coordinate with country’s private sector to promote Nepal’s interest abroad and bring in investment.

A version of this article appears in print on February 18, 2019 of The Himalayan Times.

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