Kathmandu, May 13: A team of investors from China called on Minister for Industry, Commerce and Supplies Damodar Bhandari today.
In the meeting held at the Ministry of Industry, Commerce and Supplies in Singha Durbar, Minister Bhandari urged the Chinese investors to consider setting up business or running industries in Nepal assuring that the country had investment-friendly climate.
“You should consider investing in Nepal. The government is ready to create an enabling environment for the investment. We have removed some legal complications. If there are any problems again, the government will create comfortable environment,” he said.
Bhandari articulated that the incumbent government was looking forward to attracting Chinese capital and technology to Nepal. “You have come to Nepal with an intent of investing in business here. I would like to heartily welcome you on the behalf of the government. Pitch the proposals. Let’s deliberate on them. Rest assured, you will get good returns from your investment.”
Stating that environment for foreign investment was being created in Nepal, the Minister expressed his confidence that Nepal and China relations would assume further greater height.
He mentioned that the government is enthused with the prospects of investment from the Chinese investors and opined that it would make them even more excited once the investment is considered.
During the meeting, Secretary at the Ministry of Industry, Commerce and Supplies, Dinesh Kumar Ghimire, mentioned that Nepal and China share centuries-old trade relations and expressed happiness over the intent of the visiting Chinese delegates.
According to him, the government had been considering reforms at policy level for attracting foreign investment.
Highlighting tremendous potential Nepal had in investment in mines, energy and tourism among other sectors, Secretary Ghimire assured guarantee of return of investment in these sectors.
The visiting Chinese delegation included entrepreneurs of agriculture, energy, tourism, mines and construction sectors.
