PM seeks Indian investment
Kathmandu, September 3
Prime Minister Sher Bahadur Deuba has urged Indian investors to unleash the investment opportunities in Nepal.
Addressing the Cross-border Trade and Tourism Expo, which began in the Capital today, PM Deuba said that Nepal has enormous investment potential in areas like hydropower, tourism and agro-processing and the country’s landscape can support the modern services industries, from ICT to high-end tourism.
“Nepal realises that the Indian middle class and outward investors can be great allies of Nepal in our quest for faster economic progress. We urge all foreign investors including from India to unleash the untapped investment potential in Nepal,” the prime minister said and informed that Nepal needs a large amount of private and public investment in sectors of comparative advantages to become a vibrant middle-income country by 2030.
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Indian Embassy in Nepal and Nepal Tourism Board (NTB) are jointly organising the week-long trade and tourism expo in Nepal to promote bilateral tourism and trade.