Investment Board Nepal (IBN) and Federation of Nepalese Chambers of Commerce and Industry (FNCCI) held a discussion on collaborating to attract foreign investment into the country today.

IBN Chief Executive Sushil Bhatta and FNCCI President Shekhar Golchha expressed commitment to join hands for facilitating FDI into the country during the meeting.

"The Nepal government and the private sector are jointly responsible for fulfilling the government's aspirations for 'prosperous Nepal, happy Nepali'," said Bhatta, adding that the IBN is ready to partner with the private sector to realise the vision.

He further informed that the IBN is moving forward by collaborating with the private sector for the necessary policy reforms to increase FDI in Nepal.

He also pointed at the need for diversification in investment sectors and said, "We have many sectors with investment potential and investors should also be encouraged to explore various sector for investment, and for this IBN and private sector should join hands."

FNCCI President Golchha said that the federation is a reliable and competent entity for discussion and coordination with domestic and foreign private sector investors.

Stating that the FNCCI has a wide range of network within the country and abroad, he added, "By utilising the network, we can easily reach out to investors and bring in investment into the country."

Narayan Regmi, joint secretary and spokesperson for the Ministry of Industry, Commerce and Supplies, highlighted the need to conduct and extensive study to identify the reason behind the major gap between the FDI pledges and realisation. He also reiterated government's commitment to carry out the necessary policy and other reforms to attract investment into the country.

A version of this article appears in the print on October 27, 2021, of The Himalayan Times.