KATHMANDU, AUGUST 8
Chandra Prasad Dhakal, president of Federation of Nepalese Chambers of Commerce and Industries (FNCCI), has expressed his belief that Nepal has the potential to emerge as a primary destination for both Chinese investment and tourists. This sentiment was shared during a formal meeting held here today, where FNC- CI President Dhakal engaged with Chinese Ambassador to Nepal, Chen Song.
During the discussion, Dhakal highlighted the promising opportunities for foreign investment across various sectors in Nepal, including productive industries, energy, and tourism infrastructure. He underscored the importance of establishing direct flight routes between major Chinese cities and Nepal's international airports as a means to boost tourism. Additionally, FNCCI President Dhakal urged for Nepal to be prioritised as a key destination for Chinese tourists.
Stating that the FNCCI is dedicated to promoting small-scale entrepreneurship, Dhakal requested the support of the Chinese Embassy in facilitating sightseeing tours to China for these entrepreneurs. He also raised the prospect of a Chinese bank establishing a presence in Nepal, enhancing financial ties between the two nations.
FNCCI President Dhakal stressed the significance of the Chinese government's involvement in ensuring sustainable operation of Tatopani border crossing over an extended period, which he said holds strategic importance for trade and connectivity between Nepal and China.
During the meeting, Ambassador Song reciprocated the enthusiasm for investment in Nepal from Chinese investors. He noted that there's a strong interest in sectors such as manufacturing, agriculture, and energy. Ambassador Song emphasised the importance of creating a favourable investment environment in Nepal and streamlining processes for foreign investors to achieve satisfactory returns. Drawing parallels with China's own experience, he highlighted how policy stability and efficient procedures have contributed to China's emergence as a global manufacturing powerhouse.
A version of this article appears in the print on August 9, 2023, of The Himalayan Times.
