May 21, 2024, Tuesday
Nepal 1:37:26 pm

Prime Minister Deuba urges for investment

The Nepal Weekly
April 5, 2022

Prime Minister Sher Bahadur Deuba has urged Indian investors for the increased investment in Nepal.

During his recent visit to Delhi, Deuba has urged the investors at a program organized by the Confederation of Indian Industry (CII). He promised to create investment friendly environment and sought cooperation between the government and private sector.

Deuba has promised needed favourable policy from the side of the government. He said that agreement with Prime Minister Narendra Modi will help enhance exchange of electricity and railway service. Speaking on the program, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Shekhar Golchha said that there are huge potential to investment in hydroelectricity, tourism, production sector, and service sector including information and communication technology (ICT) Golchha promised the support of private sector for investment from India.

Deuba said that Nepal seeks to increase export to India. President of CII, T.V. Narendran said that Nepal is attractive destination for investment. He said that energy department of CII will cooperate with Nepal to enhance investment. He also said that India can support maintaining the quality of agriculture exports.